'Now we are ruined': Lebanon's embattled savers try to rebuild - News Summed Up

'Now we are ruined': Lebanon's embattled savers try to rebuild


BEIRUT (Reuters) - Like many Lebanese expatriates, Nadim Srour wired savings back as a nest egg for his return. Banks also limit how much savers can withdraw. Although he has money in the bank, his family can only take out the equivalent of $1,000 a month. He can only withdraw $700 a month from the bank and has turned to the generosity of friends to help rebuild his home. For some, like Srour, this is a fresh reminder of why they went abroad to work in the past.


Source: The Star September 02, 2020 06:00 UTC



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