Bank robberies continue in Lebanon.

Five banking establishments were targeted on Friday (September 16th) in Lebanon by customers seeking to withdraw their blocked savings, the latest in a series of such incidents that have drawn widespread public support from this country hit by an unprecedented crisis.

Lebanon has been plunged since 2019 into serious economic and financial difficulties attributed by a large part of the population to the mismanagement, corruption, negligence and inertia of a ruling class in place for decades.

When the value of the Lebanese pound began to plummet, banks began to impose draconian restrictions on withdrawals, preventing customers from withdrawing their savings, especially in foreign currencies, especially dollars.

Seven banks robbed 

In 48 hours, seven banks were affected by a series of "robberies".

Faced with the multiplication of these incidents, the Minister of the Interior held an emergency meeting on Friday "to take the necessary security measures".

The Association of Banks of Lebanon (ABL) has also called an emergency meeting and ordered a general closure of all branches for three days next week.

On Wednesday, the exasperation of a young Lebanese woman, who stormed a bank in Beirut to recover her frozen savings in order to pay the hospitalization costs of her sister suffering from cancer, had a ball effect snow.

The same day, a man robbed another bank in Aley, a town northeast of the capital.

And Friday at midday, no less than five other robberies were recorded – three in Beirut and two in the south of the country.

Early in the morning, a 50-year-old man and his son in his 20s broke into a branch of Byblos Bank in Ghaziyeh, southeast of Saida, the main southern city, AFP a police source and a security guard who witnessed the incident.

The 50-year-old threatened bank employees with a weapon, which a local television channel said was fake, demanding the withdrawal of his frozen savings.

Economic difficulties 

Following this incident, three other banks were stormed a few hours later in Beirut.

In the district of Tarik Jdide, the security situation was tense after a man locked himself inside a branch of the Blom Bank with police, witnesses gathered in the street told AFP.

According to them, he is an indebted trader who is demanding the withdrawal of his frozen savings and is unarmed.

Three kilometers further, in the district of Ramlet al-Bayda, a man armed with a shotgun stormed a branch of the Lebanon & Gulf Bank, residents told an AFP photographer on the spot .

In the southern suburbs of Beirut, a young man armed with a dummy gun said he was able to withdraw a sum of 20,000 dollars, according to local media.

In Chhim, in the south, a retired army lieutenant is holding six people hostage, including the bank manager who offered him $100,000, according to some media.

The pensioner reportedly refused, demanding his full $200,000 deposit, while shots were fired.

In August, a saver was cheered by crowds after he burst into a bank in Beirut, claiming, gun in hand, his more than 200,000 euros in savings to pay for his father's hospital bills.

The bank ended up giving him almost 30,000 euros and he surrendered to the authorities.

He was not prosecuted.

For its part, the main association of Lebanese savers expressed its support for the perpetrators of these robberies, affirming that they were faced with "injustice and oppression".

With AFP

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