The Associated Press
Despite previous efforts to control the currency depreciation, the Lebanese pound sold for more than 6,000 to the dollar Thursday on the black market, down from 4,000 in recent days. The pound had maintained a fixed rate of 1,500 to the dollar for nearly 30 years. The currency crash comes during a historic economic and financial crisis facing the small Mediterranean country and appeared to reflect the growing shortage of foreign currency. It also signaled panic over new U.S. sanctions that will affect neighboring Syria in the coming days and a lack of trust in the government’s management of the crisis.
“Three glass windows were broken in the front and the back, the fridge and the phones. And they broke the photocopy machines and the chairs. ... I am not sure yet what is the estimated material loss," said the owner of a travel agency in downtown Beirut.
Thought that was downtown Seattle...
المشي وراء ايران سبب المهالك انتم من ارتضيتم ذلك وهذه سوريا بعدكم بعد ان كانت اليرة السورية مرتفعة اصبحت عديمة الفائدة كنا نصرف الريال ب11ليرة سورية الحين وصل الى خمس مائة او اكثر خل ايران تنفعكم يا علوج ايران اساس المشاكل في العالم الاسلامي واساس كل فتنة هي مانفعت نفسها فكيف
Iran's fault.
Entire World getting crazy ...
It was all OK n peaceful, happening Country till it was Christian Dominated.Ever since Muslims started exploding in Nos by--1. Forced Conversions & 2.Uncontrolled prodn, it started going downhill n now,it is100% ravaged n destroyed. Beware US,Canada, Britain, France,Australia !!!
That is what socialism does to countries....
Praying for peace and equality worldwide.
😰😢
Looks Like NYC & Minneapolis!!
Yeah, that'll fix it.
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Finally. Something worth protesting for.
Lebanese lives matter. HAHAHAHAHAHA
The last several weeks have left numb to these images. It's almost as if I've been desensitized some how? Was that y'all's (the media) intent, or was it just a ancillary benefit?
Looks like a lot of US cities.
😢
Almost the whole world is a hot mess. Except New Zealand and maybe some small countries that never make news
Of course you label rioters as protesters.
KingJayZim Asi vedu vekuchinja mari ndiko kwavatamira😅
Currency collapse might be coming to a country near you. Don't necessarily think we're immune because we're in good hands. We're not! Wake up, read, and pay attention.
The Lebanese currency has long been deteriorating since the dawn of time but the country had done nothing to reinstate nor improve.
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