_1777292798912_197359786.jpg&w=48&q=75){kind=small}
Lebanese Depositors Set Banks on Fire
Lebanon witnessed an escalation in protests by depositors demanding their frozen funds, as they set fires and burned tires in front of several banks in Beirut, including Banque Libano-Française, Byblos Bank, and Bank of Beirut. These actions are part of ongoing protests since 2019 against restrictions on withdrawing foreign currency and Lebanese pounds, amid a severe economic crisis that has led to the collapse of the national currency, with the Lebanese pound losing 98% of its value and the economy contracting by 40%. The depositors' associations are calling for unified, peaceful, and legal demands to resolve Lebanon’s unprecedented banking and financial crisis.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)