Lebanese protest as local currency further collapses

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Lebanese protest as local currency further collapses

STORY: Lebanese protest as local currency further collapses DATELINE: Jan. 26, 2023 LENGTH: 00:02:01 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of the protest 2. SOUNDBITE (Arabic): IBRAHIM ABDALLAH, Protester 3. various of the protest STORYLINE: Lebanese protesters on Wednesday blocked roads near the Central Bank of Lebanon in the capital Beirut as the local currency collapsed to a new low of 57,200 Lebanese pounds per U.S. dollar. People chanted slogans and held signs slamming the central bank governor for the circulars he has been issuing over the past few years, which has caused a big loss in people's deposits at commercial banks. SOUNDBITE (Arabic): IBRAHIM ABDALLAH, Protester "Today, specifically in protest against the unfair circulars released by the central bank, by the central bank governor Riad Salameh, these circulars are being implemented under the form of capital control despite its illegality. It is making a big cut on deposits and today we came to protest against this and ag

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