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Melhem Khalaf

Melhem Khalaf latest

Lebanon: Number of Banks Closed Due to Furious Clients' Demands
January 5th, 2020 - 08:15 GMT

Lebanon: Number of Banks Closed Due to Furious Clients' Demands

Banks in a region of northern Lebanon were closed until further notice on Saturday, the National News Agency said, after lenders balked at customer anger over a liquidity crisis. Since September banks have arbitrarily capped the amount of dollars that can be withdrawn or transferred abroad, sparking fury among customers who accuse lenders of holding their money hostage. There is also a limit on Lebanese pound withdrawals. Clients wanting dollars ...
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