Social unrest grips Lebanon after pound plunges

Drivers wait as traffic is brought to a hault in front of the interior ministry and the central bank on February 15, 2023, by a sit in staged by taxi drivers to show discontent due to the rising cost of living and the continuing devaluation of the Lebanese Lira. (AFP)
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Updated 15 February 2023
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Social unrest grips Lebanon after pound plunges

  • Gunmen in Tripoli force shops to close, roads blocked in Beirut and rural areas

BEIRUT: A sudden fall in the value of Lebanese pound has sparked confusion in the markets, widespread anger on the street and warnings that people “can no longer afford to buy anything.” 

The exchange rate in the parallel market reached 77,000 pounds to the dollar on Wednesday, less than 24 hours after it fell to 68,000 per dollar, creating a huge discrepancy between purchase and sale prices.

Gas station owners refused to sell fuel, while government officials tried to head off protest attempts for fear of unprecedented chaos on the street.

The threat of civil unrest was highlighted by General Labor Union President Bechara Al-Asmar, who said that the union “has received information about the possibility of rioters entering the line of action.”

His comments came after gunmen in Tripoli fired in the air to force shops to close, while protesters took to the streets in Beirut and rural areas, blocking roads in anger at the alarming deterioration in their living conditions.

“What happened today in Tripoli as a result of people taking to the streets is something that makes one cry,” Al-Asmar told Arab News.

“The same happened in Beirut and Al-Awzai area at the southern entrance to Beirut, which foretells a social explosion.”

He added: “There are hidden hands that are deepening the collapse. What is the justification for the 100 percent collapse of the (Lebanese) pound today? Nothing has changed in the economic reality to cause this collapse at a tremendous pace.”

Khaled, an activist involved in the protests, said that the latest currency plunge meant people “can no longer buy anything.”

He added: “We will study the next steps of the protests. Today, all exchange shops in the city were closed and all illegal roving money changers were expelled.”

Gas stations stopped selling petrol due to the instability of the exchange rate.

The Syndicate of Gas Station Owners in Lebanon called on caretaker Energy Minister Walid Fayyad to “issue a price-fixing table for the dollar for a limited period until the situation stabilizes, as it is in the interest of citizens and owners of gas stations alike.”

George Brax, a member of the Syndicate of Gas Station Owners, said that the daily price-fixing table for fuel prices issued by the Ministry of Energy “no longer corresponds to reality.”

The fall in the value of the pound will affect not only fuel prices, but also other consumer goods, he said.

“Our lives need dollars, as we are a country that depends on imports,” he said.

After meeting station owners at noon, Fayyad confirmed that “the ministry is working on a platform to issue more than two tables per day, in line with the fluctuation of the exchange rate.”

He added: “But we will not price gasoline in dollars and we will not violate the law. According to the consumer protection law, the fuel must reach citizens in Lebanese pounds.”

British Ambassador to Lebanon, Hamish Cowell, on Wednesday warned of the fallout from the cost-of-living crisis “if all the parties in Lebanon do not agree on electing a president and starting the reform process.”

The British diplomat said that “Lebanon is an important country for Britain and the whole world, and preserving its security and stability is necessary because it represents a model for the coexistence of religions and sects.”


A father awaits Rafah crossing reopening after 2-year separation from family in Gaza

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A father awaits Rafah crossing reopening after 2-year separation from family in Gaza

  • Belal, 51, has packed his suitcases, bought gifts for his children, and is ready to go as soon as he is allowed
  • Gaza has been closed to entry for Palestinians since Israel launched its retaliatory campaign against Hamas for its Oct. 7, 2023, attack on southern Israel

BADRASHIN, Egypt: Stranded in Egypt for the past two years, Raed Belal has had to watch helplessly as his wife and children in the Gaza Strip endured bombardment, displacement and hunger. Now he finally has hope he might return to them.
With Israel preparing to reopen the vital Rafah crossing between Egypt and Gaza, Belal, 51, has packed his suitcases, bought gifts for his children, and is ready to go as soon as he is allowed.
“It’s the moment I have been waiting for,” he said, speaking at the rented apartment where he has been living in the Egyptian village of Badrashin. “The moment when I reunite with my children, when I return to my home and homeland, even if everything is destroyed.”
Belal, who left Gaza to get treated for back pain three months before the war broke out, is one of tens of thousands of Palestinians eager to return to the territory, despite the vast destruction wreaked by Israel’s military campaign against Hamas. The Rafah border crossing is expected to reopen within days, a process jump-started by Israel’s recovery on Monday of the last hostage’s remains in Gaza, where a ceasefire with Hamas has held for four months.
Gaza has been closed to entry for Palestinians since Israel launched its retaliatory campaign against Hamas for its Oct. 7, 2023, attack on southern Israel. In the first months of the war, some 110,000 Palestinians were able to leave Gaza. The Rafah crossing was completely closed in May 2024 when Israeli troops took it over.
Since then, people like Belal have been trapped abroad – most of them in Egypt. Many feared Israel would never allow them back to Gaza.
A ‘limited opening’ of the Rafah crossing
Still, Palestinians will likely face a long wait before going home even after Rafah reopens. Israel intends to keep returns to a trickle.
The exact date of Rafah’s reopening has not been announced. Israeli Prime Minister Benjamin Netanyahu on Tuesday called it a “limited opening,” saying 50 Palestinians a day would be allowed into Gaza and that Israel will keep tight control over who enters, subject to security inspections. Before the war, several hundred people a day would enter Gaza from Egypt.
So far, some 30,000 Palestinians have registered with the Palestinian Embassy in Egypt to return to Gaza, according to an embassy official, speaking on condition of anonymity because details of the reopening remain under discussion.
Hamas in a statement Monday called on Israel to open the Rafah crossing in both directions “without restrictions.” Ali Shaath, head of the new Palestinian committee administering Gaza’s daily affairs, last week said the crossing would be opened this week to facilitate movement into and out of the territory.
Palestinians are also hoping that the crossing’s reopening will mean medical evacuations out of Gaza will increase. Some 20,000 Palestinians needing urgent treatment abroad for war wounds or chronic medical conditions have been waiting for evacuation, according to the Gaza Health Ministry.
Throughout the war, the numbers allowed out have been low. The ceasefire since October brought only a tiny uptick, with an average of only 25 medical evacuations a week, according to UN figures.
Watching his family’s trauma from afar
Belal, who owned a mobile phone store in the northern Gaza town of Beit Lahiya, left the territory in July 2023 to get treatment for his back. Weeks later, Hamas launched its attack on Israel, Israel’s massive bombardment of Gaza began, and Gaza’s borders slammed shut.
Belal was stranded, struggling to keep up with the turmoil that had enveloped his loved ones.
A few days into the war, he got a video call from his sons, who were rushing to move the merchandise out of the shop after they got a warning from the Israeli military that it was about to bomb the building, where both the shop and their family home was located.
The strike demolished the building, and Belal’s 15-year-old son Younis was wounded in the back, he said. At first, doctors said he might be paralyzed, but after months of treatment he was able to walk again.
That began a long trek for his wife and children, who were displaced 12 times over the course of the war. They first moved to a neighbor’s house, but that was bombed the next day. They sheltered for several weeks along with other displaced families in the nearby Indonesian Hospital, until Israeli forces besieged and raided the facility, forcing them to flee again in November 2023.
They eventually made it to a school-turned-shelter in the southern city of Khan Younis, but soon after Israeli forces invaded the area and they had to move again.
Sometimes, Belal spent days unable to reach his family because of communication blackouts.
One of his brothers, Mohammed, was killed along with his 2-year-old child when Israel bombed the school where they were sheltering in the Shati Refugee camp in northern Gaza in mid-2025.
At one point last year, Belal got a phone call from Gaza City’s Shifa Hospital telling him that his son Younis had been killed. They sent him a photo of the body of someone who looked like Younis. He couldn’t reach his family, and it was only after a day of torment that he was able to call them and learned it was a case of mistaken identity.
“Being far away, while your children and family were in such a situation is awful. You live in constant fear; you don’t eat because you’re thinking about your hungry children,” Belal said. “Sometimes you wake up at night, terrified. You rush to the phone and call them to make sure that they are OK.”
A family reunion that can’t come soon enough
Belal’s wife and five children now shelter in a tent in Gaza City, depending on charity kitchens for food. Belal has been sending them money when he can, but his wife, Asmahan, told the AP their savings have almost run out and they’ve had to borrow money from others to get by.
Asmahan said she has had to bear the burden of moving from place to place and keeping her children fed and safe.
“I’m mentally exhausted. The responsibility is immense,” she said. “We have been humiliated and degraded.”
“God willing, the crossing will open, my husband will return, and we will be reunited,” she said.
Belal’s brother, Jaber, left Gaza on Oct. 1, 2023, seeking a job in the West Bank. After the war began, Israel launched a crackdown in the occupied territory, carrying out destructive raids targeting armed groups and imposing tough restrictions on movement.
“Life became impossible in the West Bank,” Jabel said. So in February he joined his brother in Egypt, and he married an Egyptian woman in June. He, too, has registered to return to Gaza with his wife.
“This is our land. Our house is there, even though it’s destroyed. We will rebuild it and rebuild Gaza,” Jaber said.
Raed Belal knows it may still be a long time. After news of Rafah’s opening came, he said, his children “think it will happen tomorrow.” But it could be months, he said, before he presents the gifts he has bought for his children – shoes and clothes for his teenage sons, and makeup and perfume requested by his 8-year-old daughter.
With his bags packed, he is ready.