Saturday, August 23, 2025

Lebanon Experiencing Mass Riots As Citizens Express Frustration Against Hyperinflation, Soaring Unemployment

A recent alarming development in Lebanon has really put into focus some of the dire situations the coronavirus has been leaving behind in its path of destruction. In just a short while, a bout of hyperinflation has cut the value of the Lebanese pound in half, sparking mass riots in the capital city of Tripoli.

The Lebanese economy has already been the subject of a financial crisis since October, with soaring unemployment and inflation which has further deteriorated since the country went into a shutdown as a means to slowing the coronavirus spread. The growing economic consequences have been too much for many citizens to bare, giving rise to angry protests which have now been met with soldiers, rubber bullets, and tear gas.

In retaliation, rioters have set ablaze army vehicles, in addition to setting fire to several banks, which in turn caused the city to shut down all remaining banks until additional security can be established. Apparently, Lebanese banks have been targets for rioters since the economic collapse in October, with many using it as a form of frustration venting against the freezing of people’s savings accounts.

Thus far, a young man has been shot dead as a result of the protests, and two soldiers have been mildly injured. Soldiers have been busy dispersing crowds, but an end to the frustration is most likely not in near sight.

Information for this briefing was found via RT News and Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Artemis Q2 Earnings: Strong Start For A New Operator

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Lebanon’s Defence Minister Targeted by Gunfire Amid Rising Instability

In Beirut on Thursday, an apparent assassination attempt targeted Lebanese Defense Minister Maurice Slim’s vehicle....

Thursday, August 10, 2023, 02:53:00 PM

Windsor, Oshawa Lead Spike in Joblessness as National Rate Hits Nine-Year Peak

Canada’s seasonally adjusted unemployment rate rose to 7.0% in May 2025, marking the highest level...

Saturday, June 7, 2025, 09:32:00 AM

Canada’s Unemployment Rate Unexpectedly Dips to 5.1% Ahead of BOC’s Rate Decision

Employment levels across Canada remained relatively unchanged in November, but the unemployment rate did unexpectedly...

Friday, December 2, 2022, 12:05:56 PM

Canada’s Labour Market Decelerates in October as Gains Normalize

Canada’s economy continued to add more jobs in the last month, as the easing of...

Saturday, November 6, 2021, 04:46:00 PM

Canada’s Unemployment Rate Jumps to 8.1% in April Amid Third Wave of Covid-19 Restrictions

Canada’s labour market recovery hit a standstill in April, as a third wave of Covid-19...

Friday, May 7, 2021, 02:22:00 PM