The Lebanese pound hit a record low against the United States dollar on the black market on Tuesday, a sign of the country’s multiple crises deepening with no prospects for a new Cabinet in the near future.
The crash in the local currency that has resulted in a sharp increase in prices led to the outbreak of small protests in different parts of Lebanon on Tuesday. The demonstrations saw roads closed off with burning tyres.
A lack of hard currency has also led to delays in the arrival of fuel shipments, leading to more extended power cuts around the country, in some areas reaching more than 12 hours a day.