Lebanese banks on 3 day protest over bank heists

Lebanese banks on 3 day protest over bank heists
AFP
Monday 19 September 2022 - 22:05

Banks in Lebanon began a three-day strike on Monday, citing security concerns after seven banks were shut down last week by depositors unable to withdraw their trapped life savings.

The protest action came as Lebanon’s currency lost more than 90 percent of its value on the black market.

On Thursday, a Lebanese activist group pledged to plan additional bank robberies to assist individuals in regaining access to their locked funds as the nation’s protracted economic crisis gets worse, AP reported.

The Depositors’ Outcry group accompanied the now famed Sali Hafez on Wednesday when she was able to collect about $13,000 from her savings to pay for her sister’s cancer treatment with a toy gun.

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