Armed depositors hold up more banks in Lebanon over restrictions

Outraged depositors, at least two of them armed, have stormed three commercial banks across Lebanon amid a wave of hold-ups triggered by a national financial meltdown.
On Tuesday morning, a Lebanese man armed with a pistol and a grenade entered the Chtaura branch of BLC Bank, demanding access to his $24,000 in savings, according to Depositors’ Outcry, a group campaigning for angry depositors.
The group said in a statement that the man, identified as Ali al-Saheli, is in debt and also needed to wire money to his son, who is studying in Ukraine.
Similar incidents have been snowballing across Lebanon as the population grows more frustrated over informal capital controls that banks have imposed since an economic downturn began in 2019.

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