Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption.
Lebanese Citizens Left Penniless as Financial Institutions Crumble
In February 2023, Lebanese depositors that were incensed by the alleged theft of their life savings by the country’s central bank, set ablaze the very banks that held their fortunes. Bitcoin.com News highlighted this distressing situation, revealing that regional banks had frozen accounts, leaving residents unable to access their hard-earned funds. As if that weren’t enough, Lebanon was plagued by skyrocketing inflation, further exacerbating the plight of its citizens.
The wave of discontent continued in March 2023 when protests reverber
We współpracy z: https://news.bitcoin.com/inflation-and-anguish-outraged-lebanese-depositors-continue-to-riot-against-financial-institutions/
