Friday, 8th December 2023
To guardian.ng
Search

Citizens rob banks for own savings: Lebanon’s economic crisis leads to desperate measures

By France24
21 September 2022   |   3:57 pm
In Lebanon, most depositors have been locked out of their savings since a financial crisis took hold three years ago. Now some of those customers are taking matters into their own hands by holding up bank branches.

Related

12 Jun
Ghana remains determined to host the next Africa Games despite its worst financial crisis in decades. However, even in the wake of a multi-billion IMF loan, some supporters of the project have grown sceptical.
11 Jun
A weekly news show produced with photos, videos and personal accounts from France 24 Observers around the world - all checked by our staff here in Paris.
8 Jun
Feminists and human rights activists in Lebanon are speaking out against attempts to impose increasing restrictions on their lives in the name of "conservative values". This follows an attack on a woman at a beach in the southern city of Sidon, when an Islamic cleric and his followers told Mayssa Hanouni she didn't have the right to wear a bathing suit there before getting violent.
21 Jun
China clearly doesn’t want to be drawn any deeper than it has to into the diplomatic and rhetorical war over Ukraine, which may partly explain its move to aid the US and EU in tightening the sanctions on Russia.
1 Jul
Sri Lanka is deep in crisis and many people are barely able to afford fuel and food. The state lacks the money to help, and it is the poorest who are suffering the most. People like tea picker Nagamma and her family.
13 Jul
A Nigerian man has completed more than 200 hours singing, another managed a 100-hour live video on Instagram, while a masseuse's bid to massage people for 75 hours ended in exhaustion.
19 Jul
Inflation and an influx of refugees have put growing pressure on food banks. Will the German state step into the breach?
26 Jul
Lebanon's economic crisis hasn't stopped people from smoking. While smoking hookah remains affordable for almost everybody, cigars have become a status symbol for all those who profit from the crisis.
5 Aug
Clashes erupted between members of the Palestinian Fatah group and rival groups that support Islamists. Violence is not uncommon at Ein el-Hilweh, Lebanon's largest Palestinian refugee camp.
1 Aug
Riad Salameh held the post for 30 years, but is now wanted in several European countries for alleged financial crimes. One of his vice-governors will temporarily take over.
15 Aug
Increasing numbers of educated Turkish citizens who oppose the government and harbor little hope for the future are heading to Germany. Many are seeking asylum, but German authorities are less inclined to grant it.
25 Aug
The 30-year tenure of the former governor of the Bank of Lebanon Riad Salameh culminated in controversy, inquiries and sanctions. What role did the once respected financial authority play in Lebanon's economic collapse?