Lebanese clash with security forces as currency plunges ...Kuwait

News by : (The New Arab) -
Lebanese protesters tried to storm central bank offices in two major cities on Saturday, state media reported, after the national currency plunged to a new record low on the black market. The pound has been pegged to the dollar at 1,507 since 1997, but the country's worst economic crisis in decades has seen its unofficial value plummet. On Saturday, money changers told AFP it was trading at 17,300-17,500 to the greenback on the black market, while some social media users said it had fallen as low as 18,000. Dozens of angry Lebanese took to the streets of the northern city of Tripoli to denounce the depreciation and "difficult living conditions", the National News Agen

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