Lebanese protesters burned tires and cut roadways across Beirut and other cities on Thursday in renewed demonstrations sparked by a rapid fall in the pound currency and mounting economic hardship.

The pound slid to about 5,000 to the U.S. dollar on Thursday and has lost some 70 per cent of its value since October, when Lebanon descended into a financial crisis seen as the biggest threat to stability since the 1975-90 civil war.

From the northern city of Tripoli to the southern city of Sidon and the capital Beirut, Lebanese chanted against the political elite and set fire to major roadways across the country in the most widespread unrest since a lockdown imposed in mid-March due to the COVID-19 pandemic.

Prime Minister Hassan Diab called for an emergency cabinet meeting to be held on Friday to discuss the monetary situation, a statement from his office said.

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