Lebanon protests – level 2
In late 2019, the Lebanese pound collapsed and Lebanese banks introduced strict rules on withdrawing money.
Many people couldn’t get to their savings, and prices of fuel, food, and other basic things went up quickly. The World Bank said that the country’s economic crisis was one of the worst in the world. Most of the country’s population lives in poverty.
On Wednesday, hundreds of people protested in the streets of Beirut. The protesters were mostly retired men who used to work in the army. They were very angry because the worsening economic situation meant that their army pensions were lower, and they couldn’t get any money from their accounts.
Difficult words: withdraw (to take money out of an account), poverty (when someone has very little money), pension (money which the state pays to people who don’t work anymore).
You can watch the original video in the Level 3 section.
What do you think the future holds for Lebanon and its citizens in terms of economic stability?
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