Crisis-hit Lebanon's currency hits new low, sparking protests - News Summed Up

Crisis-hit Lebanon's currency hits new low, sparking protests


At the Justice Palace in Beirut on Monday, dozens stormed through a metal gate outside to protest the detention of two people involved in last week's bank hold-ups. Amid the painful crisis, Lebanese depositors have been locked out of their foreign currency savings by banking controls that have gradually tightened since 2019. As a result, Lebanese banks sealed their doors on Monday as part of a three-day closure due to the mounting security concerns. Amid the painful crisis, Lebanese depositors have been locked out of their foreign currency savings by banking controls that have gradually tightened since 2019. As a result, Lebanese banks sealed their doors on Monday as part of a three-day closure due to the mounting security concerns.


Source: Indian Express September 19, 2022 22:21 UTC



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