Banks in Lebanon will close next week after a series of heists as armed depositors attempt to withdraw their own money

The Lira lost 95% of its value already..should of traded some of that worthless paper for silver or gold while it had value.


Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday in a spiralling spate of holdups this week spurred by frustration over a financial implosion with no end in sight.

A total of seven banks have been held up since Wednesday in Lebanon, where commercial banks have locked most depositors out of their savings since an economic crisis took hold three years ago, leaving much of the population unable to pay for basics.

On Friday morning, an armed man identified as Abed Soubra entered BLOM Bank in the capital’s Tariq Jdideh neighborhood and demanded his deposit, the bank told Reuters.

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He was still locked in the branch hours later, telling Reuters by phone that he had handed over his gun to security forces and just wanted his money.

“I’ll stay here three, four, five days — I won’t move until I get my deposit,” he said.

www.cbc.ca/news/world/lebanon-bank-robberies-1.6585165

AC

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