Banks are imposing unprecedented capital controls to protect their deposits amid a deepening confidence crisis. Banks have put a withdrawal ceiling of $200 a week on most accounts, while totally blocking outside transfers. Some protesters are calling for banks to finance imports instead of servicing debts. Lebanese officials have asked foreign countries and financial institutions to help secure needed capital for imports. Protesters have also rejected him, saying he is still part of the ruling elite they accuse of corruption.

Source: thestar December 28, 2019 11:48 UTC