Lebanese protest as financial collapse continues

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Lebanese protest as financial collapse continues

STORY: Lebanese protest as financial collapse continues DATELINE: Feb. 17, 2023 LENGTH: 00:01:13 LOCATION: Beirut CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of tires on fire in front of a bank in Beirut 2. various of firefighters putting off the fire 3. various of people marching in protest 4. various of protestors destroying banks STORYLINE: Hundreds of Lebanese people demonstrated in Beirut and other regions of the country on Thursday, burning tires and destroying the doors and fences of the banks to protest against the loss of deposits. Lebanon has been suffering from a steep financial crisis since October 2019, forcing banks to restrict deposit withdrawals in U.S. dollars and Lebanese pounds. This led to plunging over 80 percent of the population into poverty. Lebanon's crisis was further exacerbated by the absence of a president and an effective government capable of implementing structural reforms to unlock aid from the International Monetary Fund and put the country on the path of recovery.

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