BEIRUT — Several roads across Lebanon were briefly blocked by angry protesters as the local currency hit a new record low early on Tuesday, amid the deteriorating economic crisis plaguing the country.
The Lebanese pound, which had been officially pegged to the US dollar at 1,507 pounds since 1990, reached 143,000 to the dollar on the black market in the early morning hours. As of the time of this writing, the currency had again gained some value, trading at about 110,000 to the dollar after the central bank raised the exchange rate on its foreign exchange platform, known as Sayrafa, to 90,000 pounds to the dollar.
