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The Independent UK
The Independent UK
National
Via AP news wire

Depositors storm four banks as Lebanon's cash crisis worsens

Copyright 2022 The Associated Press. All rights reserved

Lebanese depositors, including one armed with a hunting rifle, broke into at least four banks Friday to demand their trapped savings, a sign of growing chaos in the small Mediterranean nation amid a historic economic meltdown.

Friday’s raids were the most in a single day, and raised the possibility that more desperate depositors would try to extract their money by force. The break-ins reflect public anger at the banks’ strict informal controls on cash withdrawals, a byproduct of the financial crisis.

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