Lebanon: People Protest Against Banks Over Liquidity Crisis

People concerned about their deposits in banks held protests against banks in Beirut, Lebanon. The country is in the grips of a severe economic crisis that has led to informal capital controls. Depositors have seen their savings evaporate almost overnight after the informal capital controls were introduced amid the liquidity crisis, according to The National.

Outlook Web Desk

Updated on: 10 May 2023 9:30 am

Getting your Trinity Audio player ready...

Lebanese liquidity crisis

People concerned about their deposits in banks held protests against banks in Beirut, Lebanon. The country is in the grips of a severe economic crisis that has led to informal capital controls. Depositors have seen their savings evaporate almost overnight after the informal capital controls were introduced amid the liquidity crisis, according to The National.