Supermarkets in Lebanon have started pricing items in U.S. dollars instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports.

Since late 2019, Lebanon has been facing a dramatic economic crisis that has seen poverty rates climb to reach more than 80 percent of the population, according to the United Nations.

One person was killed and several others wounded in overnight clashes in south Lebanon's restive Ain al-Helweh Palestinian refugee camp, a Palestinian official said Thursday.

The clashes pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist groups in the camp, located near the coastal city of Sidon, said senior Fatah official Mounir Makdah.

Most opposition MPs do not back Lebanese Forces chief Samir Geagea’s stance on boycotting presidential vote sessions should Hezbollah secure 65 votes for Marada Movement chief Suleiman Franjieh, a media report said on Thursday.

Parliament Speaker Nabih Berri will not call for another "theatrical" session that would not elect a president.

In an interview with al-Akhbar newspaper, Berri said that he will try to break the impasse and that he will only call for a session when he senses that the parties are ready to elect, not to "waste time" and "make statements."

U.S. State Department Rewards for Justice Program has offered a reward of up to $10 million for information leading to the disruption of the financial mechanisms of Hezbollah.

"Mohammad Bazzi's been arrested, but Hezbollah is still collecting revenue through people like him. So you may be eligible for a reward if you submit information about Hezbollah's financial network," Rewards for Justice said in a tweet.

The International Support Group for Lebanon (ISG) -- launched by the U.N. Secretary-General with former President Michel Sleiman to help mobilize support and assistance for Lebanon’s stability, sovereignty and state institutions -- urged Thursday the political leadership and MPs to elect a new president "without further delay."

"As the presidential vacancy enters its fifth month, amid lacking reforms, entrenching positions and deepening polarization, the International Support Group for Lebanon is gravely concerned about the ramifications of a prolonged presidential vacuum," the ISG said in a statement.

General Security chief Maj. Gen. Abbas Ibrahim, who has mediated the release of Westerners held in Syria and also acted as a mediator within Lebanon, stepped down Wednesday after attempts to extend his term failed.

Ibrahim's term ends Thursday, when he reaches retirement age of 64 in Lebanon. On Wednesday afternoon, he left his office and was replaced by Brig. Gen. Elias Baissary as acting head of the agency.

Lebanon’s unofficial dollar exchange rate dropped by more than LBP 10,000 on Wednesday evening, shortly after Central Bank chief Riad Salameh announced that the bank will start buying and selling dollars at a Sayrafa platform rate of LBP 70,000.

Acting General Security chief Brig. Gen. Elias Bayssari on Wednesday hailed outgoing General Security head Abbas Ibrahim, during a ceremony to bid farewell to the latter on the occasion of the end of his term.

Caretaker Prime Minister Najib Mikati and the Free Patriotic Movement have attacked each other over the signatures needed for decrees issued by the caretaker cabinet.