Lebanese bank shuts down dozens of UK nationals’ accounts

Lebanese banks have implemented their own withdrawal limits, making life extremely difficult for millions of Lebanese buckling under soaring inflation and rampant unemployment [File: Ali Hashisho/Reuters]

Beirut, Lebanon – Last week, Maliha Badr Raydan received an unexpected call from the manager of her Bank Audi branch in Lebanon, informing her that her account had been closed.

“He said they [Bank Audi] had left a cheque worth the balance of my account at a notary,” the Lebanese-British national told Al Jazeera. Accepting the cheque would make it difficult for Raydan to take legal action against the bank.