After three years of illegal banking restrictions that largely contributed to the phenomenon of large-scale impoverishment of the Lebanese population and clearly aimed at passing on the losses of the financial system to small and medium-sized depositors, Lebanese banks have decided to remain closed. “until further notice” under the pretext of a tense security climate, several local media report.
Initially scheduled for three days, and decided in reaction to a series of bank robberies (seven in seventy-two hours) carried out by depositors desperate to recover their savings blocked or eroded by inflation, the closure was extended indefinitely .
“Since 2019, Lebanese banks have imposed draconian controls on withdrawals, preventing millions of customers from accessing their foreign currency savings,” remember Al-J