Protests in Lebanon's Capital Over Worsening Economic Crisis

Protesting corruption, demonstrators marched toward the government headquarters, where riot police were deployed

FILE PHOTO: A money exchange vendor displays Lebanese pound banknotes at his shop in Beirut, Lebanon, August 16, 2018.
\ Mohamed Azakir/ REUTERS

Hundreds of Lebanese are protesting in the country's capital an economic crisis that has worsened over the past two weeks, with a drop in the local currency for the first time in more than two decades.

Some of the protesters in Beirut's downtown blasted Lebanese political leaders on Sunday, blaming them for widespread corruption in the country of four million.

>> Read more: How pressing is Lebanon’s financial challenge? | Explained ■ Lebanon pays the price for a burden called Hezbollah | Analysis

Lebanon has one of the highest debt ratios in the world standing at $86 billion or more than 150% of the country's gross domestic product.

Last week, the local currency reached 1,650 pounds to the dollar at exchange shops after it had been stable at 1,500 since 1997.

The protesters gathered Sunday in the central Martyrs Square then marched toward the government headquarters, where riot police were deployed.