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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

EXPLAINED: Lebanese banks reopen partially after weeklong closure | Vintage Vibes

People wait outside a Blom Bank branch in Sidon, Lebanon September 26, 2022. (Reuters)

Banks in crisis-hit Lebanon partially reopened Monday following a weeklong closure amid a wave of heists in which assailants stormed at least seven bank branches earlier this month, demanding to withdraw their trapped savings.

The Association of Banks in Lebanon said last Monday it was going on strike amid bank holdups by depositors and activists — a sign of growing chaos in the tiny Mideast nation.

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