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Lebanon descends deeper into turmoil

In Lebanon angry demonstrators have blocked roads across the country after the central bank effectively ended the subsidies on fuel.

Police confronted the protesters who gathered near the house of the central bank’s governor. Earlier the government clashed with the central bank saying that prices must not change and subsidies must continue the petroleum importers demanded clarification with warnings of huge fuel shortages due to inadequate supply.

The loss of fuel subsidies will open a new phase of the financial crisis that has sunk the value of lebanon’s currency by 90 percent since 2019.

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