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The Independent UK
The Independent UK
National
Kareem Chehayeb

Depositors storm 4 Lebanese banks, demanding their own money

Copyright 2022 The Associated Press. All right reserved

Lebanese depositors, including a retired police officer, stormed at least four banks in the cash-strapped country Tuesday after banks ended a weeklong closure and partially reopened.

As the tiny Mediterranean nation's crippling economic crisis continues to worsen, a growing number of Lebanese depositors have opted to break into banks and forcefully withdraw their trapped savings. Lebanon's cash-strapped banks have imposed informal limits on cash withdrawals. The break-ins reflect growing public anger toward the banks and the authorities who have struggled to reform the country's corrupt and battered economy.

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