Lebanon’s bank heists crisis

Desperate customers are staging hold-ups after being denied access to their savings

The glass window of a Beirut bank is left smashed after a heist
The glass window of a Beirut bank is left smashed after a heist
(Image credit: Anwar Amro/AFP/Getty Images)

Banks across Lebanon are closing their doors following a wave of hold-ups by desperate depositors as the country’s economic woes worsen.

Strict daily withdrawal limits aimed at preventing a run on Lebanon’s faltering currency have triggered “an unprecedented wave of hold-ups by frustrated depositors seeking access to their savings”, reported Al Jazeera.

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