Desperate depositors resume bank heists in Lebanon

After being locked out of their savings for three years, people in Lebanon have been forced to 'rob' banks to withdraw their own money

Lebanese banks seek dialogue with depositors to stop heists

Lebanese banks allege they are 'victims' of the manufactured crisis that saw the lira lose over 90 percent of its value as a result of rampant corruption and mismanagement in the financial sector

US court ruling opens door for Lebanese banks to be prosecuted on foreign soil

Lebanon's financial institutions have evaded any responsibility for their role in the crisis gripping the nation, and have instead placed the burden on regular citizens

Lebanon in dire need of ‘equitable’ banking reform, losses exceed $70bn: World Bank

According to the World Bank, Lebanon's inflation rate is expected to average at 186 percent this year

Lebanese banks close ‘indefinitely’ for second time in a month

Depositors have staged over a dozen bank heists in the past several weeks after being locked out of their life savings for the past three years

Banks in Lebanon close their doors ‘indefinitely’

The indefinite bank closure comes at a time when the Lebanese lira is hitting new lows against the US dollar

Lebanon to slash official exchange rate

In addition to official and parallel market exchange rates, people have struggled with unfavorable rates for the withdrawal of Lebanese pounds

Hundreds of retired soldiers protest for higher pensions in crisis-torn Lebanon

Army and security officials earn less than $50 a month due to the depreciation of the Lebanese pound by more than 95 percent since 2019

Lebanese migrant boat capsizes off Syrian coast, dozens drowned

According to an investigation of the United Nations Economic and Social Commission for Western Asia, poverty almost doubled in Lebanon from 42 percent in 2019, to 82 percent in 2021

Strong dollar pushes Lebanese pound to record high on black market

Since 2019, Lebanon has been experiencing the worst economic collapse in modern history, as a result of rampant corruption within the state and among the financial elite