Protesters Ignite Fury: Lebanon's Banking Crisis Sparks Violent Demonstrations
Dozens of protesters took to the streets in Beirut on Thursday, setting fire to ATMs and vandalizing bank facades in a desperate call for the return of their deposits. The unrest, fueled by the ongoing economic crisis, highlights the frustrations of Lebanese citizens who have been waiting for a resolution to their financial woes for over five years. The Depositors' Cry Association organized the protest, urging depositors to unite in their demand for accountability and the recovery of their stolen funds.
Economic Collapse: The Root of the Protests
Lebanon's banking crisis, described by the International Monetary Fund as unprecedented, has led to a staggering 40% contraction of the economy since its onset. The Lebanese pound has plummeted in value, losing 98% against foreign currencies, while inflation rates have soared to alarming heights. Protesters expressed their anger by targeting banks, including the Lebanese-French Bank and the Arab Bank, as they condemned the imposition of severe restrictions on their funds since 2019. The demonstrators rallied in front of Al-Amin Mosque before marching to identified bank targets in the Dora area, demanding immediate action from officials.
Call to Action: Uniting for Financial Rights
In a powerful statement, the protesters called for all depositors to join the movement and participate in demonstrations and sit-ins. They raised banners rejecting any legislation that fails to restore their rights and demanded accountability for the corrupt officials who have contributed to the crisis. The ongoing protests serve as a stark reminder of the urgent need for solutions to Lebanon's banking and economic turmoil, as citizens continue to fight for their financial rights and the recovery of their hard-earned money.
