BEIRUT - Lebanese protesters staged a sit-in inside a commercial bank in the capital Beirut on Monday, forcing tellers to give them more than the weekly limit for withdrawal amid a wave of protests against recent capital controls. Amid a spiraling financial crisis, Lebanese banks have imposed informal withdrawal limits of a maximum $300 a week and totally halted transfers abroad. The Association of Banks in Lebanon advised the capital controls to manage depleting foreign currency. “We want the money,” the protesters chanted, a number of them clients of the bank. Deeb said it is not legal for Lebanon’s bank association to enforce withdrawal limits without parliamentary or government approval.

Source: thestar December 30, 2019 15:56 UTC