Protests Are Breaking Out Across Lebanon Right Now

REUTERS

The hashtag #لبنان_ينتفض is trending again on Twitter.

The Central Bank issued a circular stating that all non-bank institutions like OMT and Western Union must settle money transfers in Lebanese Lira at the market exchange rate.

This means that you can no longer receive money transfers in USD, but rather in LBP according to market rate price. Meanwhile, the dollar in Lebanon reached 3,000 LBP for the first time in thirty years.

This drew people back into the streets. groups of protesters gathered around the Revolution Fist near Martyrs’ Square, protested in front of the Association of Lebanese Banks, and later made their way to the Ministry of Economy to protest against the banks and monetary policies.

The hike in prices on vital products trumps the fear of spreading the coronavirus.

In Tripoli, protesters attempted to close Al-Nour Square, the principal Revolution site in the North, and which was opened by the military just last week.

Expressing their deprivation, the hungry citizens of Tripoli met at the revolution’s square to revolt the high prices, tired of the poverty they are living with.

In addition, the Union of Bakery Owners also announced that they will not be distributing bread anymore starting Monday, April 20th. Bread will only be sold in the bakeries, and not in supermarkets.

This decision came as a result of a dispute between the union and the Minister of Economy regarding the price of bread packs.

The Minister of Economy, Raoul Nehme, said that the government is not able to enforce its official regulations, which would control price gouging and suggested that citizens can boycott items with high prices.