Banks in Lebanon to remain closed until further notice

LOrientLeJour - 21/09
In a statement issued following its Wednesday meeting, the Association of Banks in Lebanon mentions an ambient climate of 'incitement to violence.'Lebanese banks will not reopen tomorrow, as...

Lebanese banks will not reopen tomorrow, as previously stated, but will instead remain closed indefinitely, according to the Association of Banks in Lebanon (ABL).

The closures come in response to a series of hold-ups undertaken last week by aggrieved depositors attempting to access their own funds, which are locked due to the ongoing economic crisis.

In a brief statement issued after a Wednesday meeting, the ...
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