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Monday, December 5, 2022

Lebanese Citizens Withdraw Funds by Force as Financial Crisis Intensifies| Atlas News

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Lebanese citizens are forced to withdraw money as the financial crisis worsens.

Sali Hafiz, a Lebanese woman, invaded BLOM Bank in Beirut carrying a fake gun and demanding cash to pay for her sister’s cancer treatment today. About an hour later, there were reports of another successful armed storming of Bank Med. Since the first one on August 11, armed retreats have increased in frequency in Lebanon. On the other hand, the Lebanese government and banks claim that the withdrawal restrictions are required to stop hyperinflation and other issues. If the Lebanese state is unable to resolve the situation on its own, sectarian tensions are escalating and intrastate fighting is likely to resume.



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