A protester carries a flag as he stands in front of police officers outside of the Ministry of Foreign Affairs and Emigrants during a protest in Beirut, Lebanon November 9, 2019.
Since reopening a week ago, banks have been seeking to stave off the capital flight by blocking most transfers abroad and imposing curbs on hard-currency withdrawals, though the central bank has announced no formal capital controls. In recent days, importers of fuel, wheat, and medicine have said they faced difficulty securing the foreign currency needed for their purchases.
One protestor said that people taking to the streets was a reflection of the bad economic situation, which she said could not get any worse.
Source: Financial Digest (financialdigest.net)
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