BEIRUT: Independent lawmakers in Lebanon are staging a sit-in at parliament to pile pressure on dominant factions to elect a new president nearly three months since the post fell vacant with the country in the throes of an economic crisis.
"We're staying in an open session until further notice," lawmaker Najat Saliba said by telephone on Friday, a day after the sit-in began.
She is one of 13 independents elected last year in an election that otherwise left the 128-seat parliament in the grip of long-dominant factions that will ultimately determine the fate of the presidency.
In a video filmed in darkness on Thursday evening, she said, "We are here to implement the constitution ... remaining in the parliament until we elect a president."
Lebanon has had neither a president nor a fully empowered cabinet since Michel Aoun's term ended in October, further complicating the path out of a financial meltdown left to fester by the ruling elite since 2019.
The currency collapsed on Thursday to a new record low of 50,000 Lebanese pounds to the dollar, marking a devaluation of more than 95% since 2019 that has impoverished the nation.
Lebanon's divisive politics has resulted in the presidency - reserved for a Maronite Christian - being left vacant numerous times.
The thresholds needed to secure a quorum and victory in the parliamentary vote mean no single faction or alliance has enough seats to impose their choice.
Aoun became head of state in 2016 with the support of his powerful ally Hizbullah in a deal that also brought politician Saad al Hariri back as prime minister.
International rivalries, which have long played out in Lebanon's domestic crises, have often complicated the process.
The heavily armed Hizbullah, Lebanon's most powerful group, has said the new president should be someone with broad support.
Anti-Hizbullah lawmaker Michel Mouawad has won the most votes in 11 unsuccessful presidential election sessions so far, but not enough to win.
The World Bank has accused the ruling elite of orchestrating the depression due to its exploitative grip on resources. The government has failed to carry out reforms needed to secure an IMF deal and unlock international support.
The Lebanese pound on Thursday fell to a record low against the US dollar, as political leaders failed for the 11th time to agree on a president to help extricate Lebanon from its worst economic crisis. The pound was trading at 50,000 to one US dollar for the first time since the economic crisis started in Lebanon in 2019.
The Lebanese pound used to trade at 1,500 against the dollar before 2019. Banks in Lebanon have applied strict withdrawal limits on foreign currency assets since 2019. - Reuters/dpa