Lebanon’s collapse puts financial strain on students studying abroad

Lebanon’s collapse puts financial strain on students studying abroad

BEIRUT: Families of students studying abroad protested on Tuesday against Lebanese banks for their procrastination in implementing the "Student Dollar" law that enables families to transfer funds to their children at universities in other countries. In the Beirut neighborhood of Hamra, protesters prevented employees from entering the banks and blocked traffic with burning tires. Other protesters attempted to raid a closed bank while staff worked inside. Parents cannot transfer money due to the sudden rise in the exchange rate of the dollar. As a result, some students studying abroad have been expelled from their universities and their residencies have been canceled, while others await the same fate. Banks are refusing to implement the Student Dollar law because no decrees have been issued. Meanwhile, the families of prisoners in Lebanon also took to the streets on Tuesday to protest authorities who have reduced the volume of meals for inmates. Due to the rising prices, meals have reportedly been served to prisoners without meat. Families protested near Roumieh Prison, the country's largest correctional facility. As protests rage in the streets of Lebanon, thefts have also swelled to unprecedented levels, according to a security source. One suspect, who is already in custody, allegedly