Banks attacked in Beirut as lira plummets to new lows ...Kuwait

The New Arab - News

Protesters burned tires in front of two Beirut banks and demonstrated in front of the home of the head of the Association of Banks in Lebanon (ABL) as the Lebanese lira plunged past a new low of 80,000 lira to the US dollar on Thursday. The Lebanese lira has lost 98 per cent of its value since the beginning of Lebanon's financial crisis in 2019, while salaries have remained virtually unchanged. "It's been three years, we are tired of protesting. We just want our money, it came from my sweat. How could they have stolen it?" Simone Barak, a protester whose money is frozen in the bank, told The New Arab. Banks froze the accounts of small and medium depositors in 2019,

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Last updated : 16 February 2023 clock 05:24 PM

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