• Friday, Sep 18, 2020
  • Last Update : 05:33 pm

Lebanon declares emergency in Beirut, approves urgent funding

  • Published at 12:21 am August 6th, 2020
A man inspects the damage following Tuesday's blast in Beirut's port area, Lebanon August 5, 2020 strongReutersstrong
A man inspects the damage following Tuesday's blast in Beirut's port area, Lebanon August 5, 2020 Reuters

It also approved an exceptional allocation of 100 billion Lebanese pounds to deal with the crisis

Lebanon’s cabinet on Wednesday declared a two-week state of emergency in Beirut following a massive explosion in the port that rocked the city on Tuesday, and handed control of security in the capital to the military.

The cabinet instructed the military to impose house arrest on anyone involved since 2014 in the administration of the warehouse containing vast amounts of highly-explosive material that blew up, according to a statement read out by the information minister.


Also Read - Beirut blast: 4 Bangladeshis killed, 21 Bangladesh Navy crew injured


It also approved an exceptional allocation of 100 billion Lebanese pounds to deal with the crisis. 

The sum is notionally worth $66 million based on the official exchange rate of 1,500 pounds to the dollar, but is effectively worth some $13 million based on the latest rate on the parallel market, which stood at around 7,500 in the days before the explosion.

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