Lebanese PM warns of chaos as national currency plunges

Lebanese PM warns of chaos as national currency plunges

BEIRUT (AP) – Lebanon’s acting prime minister on Saturday warned the country was heading quickly for chaos and called on politicians to put aside their differences in order to form a new government capable of attracting desperately needed foreign aid .

Hassan Diab, who stepped down as prime minister nearly seven months ago, threatened to suspend his interim duties if that increased pressure for the formation of a new government.

He spoke in a terse speech to the nation as the currency continued its rapid collapse against the dollar, trading at nearly 11,000 Lebanese pounds on the black market for the first time in its history. Angry protesters blocked streets and highways across the country with tires on fire for days as the pound slipped to new lows.

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