2020 Beirut explosion in the context of "Lebanese liquidity crisis"

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⭐ Core Definition: 2020 Beirut explosion

On 4 August 2020, a major explosion occurred in Beirut, Lebanon, triggered by the ignition of 2,750 tonnes of ammonium nitrate. The chemical, confiscated in 2014 from the cargo ship MV Rhosus and stored at the Port of Beirut without adequate safety measures for six years, detonated after a fire broke out in a nearby warehouse. The explosion resulted in at least 218 fatalities, 7,000 injuries, and approximately 300,000 displaced individuals, alongside property damage estimated at US$15 billion. The blast released energy comparable to 1.1 kilotons of TNT, ranking it among the most powerful non-nuclear explosions ever recorded and the largest single detonation of ammonium nitrate.

The explosion generated a seismic event measuring 3.3 in magnitude, as reported by the United States Geological Survey. Its effects were felt in Lebanon and neighbouring regions, including Syria, Israel, and Cyprus, over 240 km (150 mi) away. Scientific studies noted that the shockwave temporarily disrupted Earth's ionosphere. Adjacent grain silos at the Port of Beirut sustained major damage. Portions of the silos collapsed in July and August 2022 following fires caused by remaining grain stocks.

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👉 2020 Beirut explosion in the context of Lebanese liquidity crisis

The Lebanese liquidity crisis is an ongoing financial crisis affecting Lebanon, that became fully apparent in August 2019, and was further exacerbated by the COVID-19 pandemic in Lebanon (which began in February 2020), the 2020 Beirut port explosion and the Russian invasion of Ukraine. The country experienced liquidity shortages in the years prior to 2019 but the full extent of the fragility of the economy was concealed through financial engineering by the governor of the central bank. Lebanon's crisis was worsened by sanctions targeting Syria's former government and Iran-backed Hezbollah, which intensified under Donald Trump.

The currency was devalued by over 98% between January 2023 and March 2024, with an annual inflation rate of 221.3% in 2023. Public services have collapsed; without using a private generator, households can expect only an hour or so of power a day. Shortages of drinking water have contributed to disease outbreaks, including the first cholera cases in decades. Parents are sending their children to orphanages because they cannot feed them. A growing number of citizens have resorted to armed robbery as the only way to extract their own deposits (now vastly reduced in real terms) from banks when they desperately need to pay for basic services such as healthcare. The collapse of Lebanon, formerly known as the "Paris of the Middle East", has been described by Western media as one of the most devastating and worst financial recessions since at least the 19th century.

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2020 Beirut explosion in the context of Beirut

Beirut (/bˈrt/ bay-ROOT; Arabic: بيروت, romanisedBayrūt) is the capital and largest city of Lebanon. As of 2014, Greater Beirut has a population of 2.5 million, just under half of Lebanon's population, which makes it the twelfth-largest city in the Levant region and the sixteenth-largest in the Arab world. The city is situated on a peninsula at the midpoint of Lebanon's Mediterranean coast. Beirut has been inhabited for more than 5,000 years, making it one of the oldest cities in the world.

Beirut is Lebanon's seat of government and plays a central role in the Lebanese economy, with many banks and corporations based in the city. Beirut is an important seaport for the country and region, and rated a Beta- World City by the Globalization and World Cities Research Network. Beirut was severely damaged by the Lebanese Civil War, the 2006 Lebanon War, and the 2020 massive explosion in the Port of Beirut, and was subsequently rebuilt after each of these events. Its architectural and demographic structure underwent major change in recent decades.

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2020 Beirut explosion in the context of Port of Beirut

The Port of Beirut (Arabic: مرفأ بيروت) is the main port in Lebanon on the eastern part of the Saint George Bay on Beirut's northern Mediterranean coast, west of the Beirut River. It is one of the largest and busiest ports on the Eastern Mediterranean.

On 4 August 2020, a large explosion, caused by improperly stored ammonium nitrate, occurred at the port, killing at least 218 people, injuring more than 7,000 and rendering 300,000 others homeless. Large sections of the port and its infrastructure were destroyed, including most of Beirut's grain reserves, and billions of dollars in damages were inflicted across the city. The Port of Beirut was forced to close, due to the large-scale damage caused by the explosions, with cargo being redirected to smaller ports, such as Tripoli and Tyre. Prior to the disaster, about 60 percent of Lebanon's imports came through the port, according to an S&P Global estimate.

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2020 Beirut explosion in the context of MV Rhosus

MV Rhosus was a general cargo ship that was abandoned in Beirut, Lebanon, after the ship was declared unseaworthy and the charterers lost interest in the cargo. The 2,750 tonnes of ammonium nitrate which the ship was carrying was confiscated and brought to shore in 2014, and later caused the catastrophic 2020 Beirut explosion. The vessel's owner at the time of abandonment was Cyprus-based Russian businessman Igor Grechushkin. The ship sank in the Port of Beirut in 2018.

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2020 Beirut explosion in the context of Maghen Abraham Synagogue

The Maghen Abraham Synagogue (Arabic: كنيس ماغين أبراهام, romanizedKanīs Mā'ghīn Abrā'hām; Hebrew: בית הכנסת מגן אברהם, romanizedBeth HaKenesset Magen Avraham) is an Orthodox Jewish congregation and synagogue, located in the Jewish district of Wadi Abu Jamil in downtown Beirut, Lebanon.

Established in 1925, the synagogue was damaged by Israeli bombardment during the Lebanese Civil War. Restoration of the synagogue began in May 2009. In August 2010, renovations neared completion, with finishing touches made to the interior of the building. Haaretz reported that "synagogue restored to glory" and "has been renovated beautifully". The synagogue reopened in c. 2014, and was slightly damaged in the 2020 Beirut explosions.

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2020 Beirut explosion in the context of Beirut, Lebanon

Beirut (/bˈrt/ bay-ROOT; Arabic: بيروت, romanisedBayrūt) is the capital and largest city of Lebanon. As of 2025 Greater Beirut has a population of 2.4 million, just under half of Lebanon's population, which makes it the twelfth-largest city in the Levant region and the sixteenth-largest in the Arab world. The city is situated on a peninsula at the midpoint of Lebanon's Mediterranean coast. Beirut has been inhabited for more than 5,000 years, making it one of the oldest cities in the world.

Beirut is Lebanon's seat of government and plays a central role in the Lebanese economy, with many banks and corporations based in the city. Beirut is an important seaport for the country and region, and rated a Beta- World City by the Globalization and World Cities Research Network. Beirut was severely damaged by the Lebanese Civil War, the 2006 Lebanon War, and the 2020 massive explosion in the Port of Beirut, and was subsequently rebuilt after each of these events. Its architectural and demographic structure underwent major change in recent decades.

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