Masked men recently bore a coffin adorned with the Lebanese pound in the city of Zahlé as people protested against years of corruption and mismanagement that have led Lebanon to economic collapse. In Sidon, people waved flags atop their cars on Labour Day.
The Lebanese pound, which has been pegged to the dollar since 1997, has lost 50% of its value since October, causing food and essential goods prices to soar. It is the latest sign that the government’s inability to enact reforms is having real consequences for Lebanon’s population.
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