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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Lebanese Depositors Smash Up, Burn Beirut Banks

File photo: People queue outside a bank in Beirut on March 29, 2020. (AFP)

Several dozen Lebanese protesters attacked banks in a Beirut neighborhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place for years and rapidly deteriorating economic conditions.

At least six banks had been targeted as the Lebanese pound hit a new record low on Thursday, a spokesperson for Depositors Outcry, a lobby representing depositors with money stuck in the country's banking sector, said.

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