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Asharq Al-Awsat
Asharq Al-Awsat
World
Beirut - Paula Astih

Worsening Living Crisis Stirs Fears of Security Chaos in Lebanon

Lebanese gathered in front of a bank branch in Beirut in support of a depositor who stormed the institution to demand his money (EPA)

Security fears in Lebanon are escalating amid a crippling economic crisis that has seen the salaries of army soldiers drop to $33 a month. The local currency, the Lebanese pound, has depreciated by more than 90% against the US dollar on the black market.

Perhaps what exacerbated security fears is that bank heists in Lebanon have become a growing trend – but armed “robbers” storming into banks are not stealing anyone else’s money. They are just demanding access to their own savings.

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