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GULF NEWS

Lebanon protests: Hundreds take to streets for second night

(UTV | COLOMBO) – Hundreds of people have protested in cities across Lebanon for a second night over the handling of the country’s economic crisis.

The Lebanese pound has fallen to record lows, having lost 70% of its value since October when protests began.

The financial crisis has worsened during the coronavirus pandemic.

Protesters in the capital, Beirut, and in the northern city of Tripoli, threw stones and fireworks at police who used tear gas and rubber bullets.

The pound’s decline appeared to halt on Friday after the government announced that the central bank would begin injecting more US dollars into the market in a bid to stop the pound’s freefall.

The move is set to begin on Monday.

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