Retirees clash with police in Beirut over falling lira ...Kuwait

News by : (The New Arab) -
A crowd of hundreds of demonstrators, most of them military retirees, clashed with security forces in downtown Beirut on Wednesday in protest of rapidly deteriorating living conditions and the declining lira. On Tuesday, the Lebanese lira plummeted to 140,000 lira to the US dollar – an unprecedented devaluation and an almost 99 per cent drop in value from the exchange rate three years prior. Retirees, most of whom are on pensions that do not exceed US$50 per month, attempted to storm parliament and the Prime Ministry, tearing down barbed wire and pushing past security forces. The security forces shot tear gas in response, scattering protesters. "We are being deprived

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