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When the pound in Lebanon collapses, buying milk also becomes a war
Local currency plummeted this week, with roadblocks protesting due to the severe economic crisis.
They could not access their savings, and a shortage of basic products led to a confrontation in a supermarket in Beirut.
"Isn't that an incentive enough for you?", The outgoing Prime Minister was furious at the stalemate over the formation of a government, and threatened to stop his work
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Lebanon
Hassan Diab
News agencies
Saturday, 06 March 2021, 22:17
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In the video: Against the background of the economic collapse
Customers in Beirut supermarket quarrel over milk powder (Photo: Twitter, Editing: Assaf Drori)
Protesters in Lebanon have been blocking roads across the country with burning tires in recent days, after the local pound fell to a new low last Tuesday.
Today (Saturday) demonstrators gathered outside the Banks Association and demanded access to their accounts.
They then marched towards the parliament building in central Beirut to express their frustration with the economic situation.
The ongoing economic crisis, which erupted in 2019, wiped out many jobs, led to food shortages and drained citizens ’savings.
The collapse of the pound to the rate of ten thousand to one dollar was for many the straw that broke the camel’s back after the prices of basic products like diapers and cereals had almost tripled since the crisis began.
In one incident, which was documented and went viral, consumers quarreled over milk powder at a supermarket in Beirut.
Protesters burn tires in protest against the government in the city of Sidon, today (Photo: Reuters)
The incident was mentioned today by outgoing Prime Minister Hassan Diab, who threatened to stop fulfilling his duties in order to pressure the country's politicians to reach an understanding on the formation of a new government.
"Isn't the quarrel over milk an incentive enough to transcend all formality and close matters to form a government?" Said Diab, who resigned after the disaster at the port of Beirut last August.
"How can a transitional government deal with these challenges?"
(Photo: Reuters)
Saad al-Hariri, who was in office before Diab, was given a mandate to form a new government in October, but he came to a dead end in front of President Michel Aoun.
The international community has conditioned the formation of a new government and the passage of billions of dollars in aid transfers.
"The social crisis is getting worse, the economic crisis is very heavy on the country, the political crisis is becoming more and more plausible," Diab said.
"The state faces tremendous challenges, which even an ordinary government cannot face without a political consensus, so how can a transitional government face these challenges?"
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