September 30, 2022

Lebanese banks to shut indefinitely after flurry of holdups

2 min read


Shutdowns follow one. Hold up sequence Across the country during the past month, with at least Five separate banks Depositors held back Friday alone in an effort to retrieve frozen savings in the banking system.
Accounts of millions of Lebanese citizens have been closed after the country plunged. Financial crisis I October 2019. Since the local currency has lost 90% of its value, more than three-quarters of the population has been pushed into poverty and most are unable to pay for basic commodities.
In August, one A gunman stormed a bank in the capital Beirut. And the bank threatened to kill the hostages and himself for not allowing him to withdraw money from his frozen account. Claiming that he needed the funds to pay his father’s medical expenses, Bassam Sheikh Hussain handed himself over to the police after the bank gave him some of his savings.
After being cheered by groups outside the bank, Hussain was hailed as one. National hero From many people on social media. An anonymous security source speculated to CNN that Hussain’s methods could be copied by others.
Last Wednesday, a woman withdrew $20,000 from his account An attack on a bank He later claimed it was a toy gun to fund his sister’s cancer treatment, according to state news.

Later that day, an armed man entered a bank in the mountain town of Ely and withdrew some of the money he had stashed before turning himself in to authorities.

On September 14, the windows of the bank were broken after a woman attacked them.
Lebanese army soldiers secure the premises near a bank in Beirut after a depositor stormed the branch demanding access to his money.

The state news agency said five banks held on Friday included an incident in the southern city of Ghazia, where an armed man — who poured gasoline on the bank’s floor — threatened to kill him if he was not given access to money. So he will burn down the building. NNA reported.

The NNA said he withdrew $19,200 and gave the money to a man waiting for him outside the branch, before turning himself in to authorities.



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