BEIRUT, 6 Mar – RIA Novosti. Lebanon, where protests have not stopped since Tuesday, has come to a point of no return, Acting Prime Minister Hassan Diyab said.
The politician recalled that for almost seven months since the resignation of his cabinet, the country has not been able to form a new government. “The public crisis cannot be resolved without solving the financial crisis, and the financial crisis cannot be resolved without resuming negotiations with the International Monetary Fund, and this is impossible without reforms. There will be no reforms without a new government, “Diyab explained.
Since Tuesday, road blocking protests have been taking place across Lebanon. Demonstrators are blocking downtown Beirut and major metropolitan highways with burning tires, as well as highways in the south, north and east of the country. The protesters are demanding that the authorities start real actions to overcome the economic crisis and improve the life of the population.
A man ran his car into protesters in Choueifat, south of #Beirut.
Reports of several injured.
Increasingly tense day in Lebanon today as the pound falls to its lowest value yet, 10,700 to the dollar.
– Nader Durgham | نادر درغام (@NaderDurgham) March 6, 2021
The unrest began after the value of the national currency on the black market rose to 10 thousand pounds per dollar, while the official exchange rate in banks remained at 1500 per US dollar. Thus, the Lebanese pound has thus depreciated by 15-17% only in recent days. Foreign currency accounts of depositors in banks have remained frozen since October 2019, and prices for many products have increased by more than 200% during this time.
Lebanon has been going through a deep economic and political crisis since autumn 2019. During this time, two governments resigned: Saad Hariri amid protests and Hassan Diyab after the explosion in the port of Beirut. By the end of September 2020, local authorities planned to announce the composition of a new cabinet of ministers headed by Mustafa Adib. Instead, Adib announced on September 26 that he resigned and refused to form a government, arguing that the political blocs did not refuse to politicize the formation process.
At the end of October, Saad Hariri once again received the post of prime minister, who declared his readiness to promptly assemble a cabinet of ministers in order to take advantage of the French initiative and receive support. In fact, Hariri has so far failed to find a compromise composition that satisfies all parties.