Lebanese depositors smash up, burn Beirut banks – Reuters
- Date: 17-Feb-2023
- Source: Reuters
- Sector:Financial Services
- Country:Lebanon
Lebanese depositors smash up, burn Beirut banks – Reuters
BEIRUT, Feb 16 (Reuters) - Several dozen Lebanese protesters attacked banks in a Beirut neighbourhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place for years and rapidly deteriorating economic conditions.
At least six banks had been targeted as the Lebanese pound hit a new record low on Thursday, a spokesperson for Depositors Outcry, a lobby representing depositors with money stuck in the country's banking sector, said.
A bank in the Badaro neighbourhood smouldered as firefighters sprayed water, while riot police stood nearby with shields.
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