SAWT BEIRUT INTERNATIONAL

| 22 September 2021, Wednesday |

Lebanese pound tumbles and protests continue

The Lebanese pound currency continued to slide this evening with exchange rates of 10,525/ 10,575 pounds against the US dollar on the black market.

In the morning, the exchange rate ranged between 10,400 and 10,450 pounds per dollar.

The pound was traded yesterday morning at rate hovering between 10,200 and 10,350 to the dollar.

Crushed under a mountain of debt, Lebanon is grappling with a financial crisis that has wiped out jobs, raised warnings of growing hunger and locked people out of their bank deposits.

The series of major road closures in Lebanon continued, as the protesters closed several roads, especially in the north of the country and its environs, Tripoli, as well as in the eastern Bekaa, and major highways at the entrances of the capital, Beirut.