Protestors Take Back To The Streets As Lebanese Lira Hits New Low

Editorial purpose: We are sharing this piece of news with you to keep you informed in light of what appeared to be a media blackout.


Last night, Riad El Solh square was filled up with angry citizens and protestors after the Lebanese Lira hit a new low in the black market.

Familiar scenes in Riad El Solh tonight as lebanese protestors take back to the streets after the dollar exchange rate reaches a new high pic.twitter.com/aV71JmnfoJ

— Beirut.com (@BeirutCityGuide) June 9, 2020

Throughout the day, the dollar was being exchanged for 4,200 LL – 4,300 LL, despite BDL instructions for currency exchange shops to bring the rate back to 3,200 LL.

But towards the end of the day, the dollar had neared 5,000 LL in an unprecedented high, which prompted several groups to take to the streets in protest of the worsening economic conditions.

More pictures from Riad El Solh tonight. Protestors express anger as the Lebanese lira hits a new low and the economic crisis continues to worsen. #Lebanon #LebanonProtests pic.twitter.com/FIjSmkOY7i

— Beirut.com (@BeirutCityGuide) June 9, 2020

Many people expressed that the scenes from Riad El Solh last night brought back flashbacks of October 17.

Could this be another October 17 in the making? #Lebanon pic.twitter.com/UN0gcoidqp

— Beirut.com (@BeirutCityGuide) June 9, 2020

Could we see a similar night sometime soon?