Facing humiliating controls, Lebanese focus fury on banks

  • Date: 23-Jan-2020
  • Source: Egypt Independent
  • Sector:Financial Services
  • Country:GCC
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Facing humiliating controls, Lebanese focus fury on banks

"I tell my family 'I'm going to the bank, but I don't know when I'll return,'" said the communications manager. ". Dozens of protesters have held sit-ins at banks against the fiscal policies, forcing tellers on more than one occasion to give them more than the weekly limit.. "You go to a bank, get a ticket, and there are at least 50-60 people in front of you," said Mahmoud Sayida, a tour guide whose money is trapped with one of the country's largest lenders. ". Fearing a crisis, depositors in the past year had been quietly withdrawing their money, changing it from the local currency to dollars, or funneling it to bank accounts abroad.. Patients are required to produce paperwork proving they need money for surgery before they can withdraw cash from their accounts.. "My dad lives in Saudi (Arabia) and used to send dollars to pay for my tuition .. At 11 a.m. on a recent day, the line at a private bank in Beirut's Salim Salam district was at customer 189.. Al Sayegh, the communications manager, receives her salary in dollars from a bank..