Depositors storm Lebanese banks over withdrawal limits
Published: 04:10 PM,Oct 04,2022 | EDITED : 08:10 PM,Oct 04,2022
Outraged bank clients, at least two of them armed, stormed four commercial banks across Lebanon over withdrawal limits that have been imposed throughout the country amid a financial meltdown. Cases of bank hold-ups have snowballed across Lebanon as residents have grown exasperated over the informal capital controls that banks have imposed since an economic downturn began in 2019.
On Tuesday, a Lebanese man armed with a pistol and a grenade entered the Chtaura branch of BLC Bank, demanding access to his $24,000 in savings, according to Depositors' Outcry, a group campaigning for angry depositors. - Reuters
On Tuesday, a Lebanese man armed with a pistol and a grenade entered the Chtaura branch of BLC Bank, demanding access to his $24,000 in savings, according to Depositors' Outcry, a group campaigning for angry depositors. - Reuters