'Widespread destruction' has been reported in Lebanon's capital after a huge blast rocked Beirut
Lebanon is in the midst of its worst economic crisis in decades, with its currency losing more than 80% of its value and unemployment soaring, pushing millions of people into poverty.
The crisis began last year, before the coronavirus pandemic hit: Lebanon has long relied on reserves of foreign currency, particularly the U.S. dollar, for essential imports, but political leaders and banks failed to maintain that stock or to develop the economy to produce exports and earn money. The virus-related global economic slowdown further hurt Lebanon’s economy and slashed inflows of money from Lebanese working abroad who suddenly faced reduced circumstances.
One video posted after the explosion on Tuesday showed windows at Beirut Souks, an upscale shopping center near the area where many of the protests took place, completely blown out.
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