02:12 GMT12 August 2020
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    The renewed unrest comes on the back of a precipitous decline of the Lebanese pound against the US dollar, trading at 5,000 or 6,000 at unofficial markets, as opposed to the officially pegged 1,500 per US dollar.

    Sputnik is live from Beirut, where anti-government demonstrators are rallying on Saturday amid the decline of the Lebanese pound against the dollar.

    Last week, the Lebanese pound's exchange rate sank to 5,000 per $1. 

    Demonstrations in Beirut began in October 2019 after the government proposed a slew of new taxes to abate the economic decline. Though initially opposing the taxes, which included a proposal to tax the use of WhatsApp calls, they grew into a wide-scale movement against endemic corruption and mismanagement.

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    Tags:
    economic crisis, Beirut, Lebanon
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