Lebanon: People Protest Against Banks Over Liquidity Crisis

People concerned about their deposits in banks held protests against banks in Beirut, Lebanon. The country is in the grips of a severe economic crisis that has led to informal capital controls. Depositors have seen their savings evaporate almost overnight after the informal capital controls were introduced amid the liquidity crisis, according to The National.

Updated: 10 May 2023 3:00 pm

Lebanese liquidity crisis | Photo: AP/Hussein Malla

A protesting depositor, foreground, fires firecrackers at a private bank security during a protest outside a Bank Audi branch in downtown Beirut, Lebanon.

A protester depositor shouts slogans outside a Bank Audi branch in downtown Beirut, Lebanon.

A protester depositor shows her mobile phone that she films with during a protest outside a Bank Audi branch in downtown Beirut, Lebanon.

Protesting depositors carry placards criticizing bank owners for withholding their savings at a protest near Parliament in downtown Beirut, Lebanon.

Bank security personnel and riot police attack an injured protesting depositor outside a Bank Audi branch in downtown Beirut, Lebanon.

Lebanese liquidity crisis | Photo: AP/Hassan Ammar

A protesting depositor launches fireworks at the Banking Association during a protest in Beirut, Lebanon.

A protesting depositor kicks a burning tire as Lebanese soldiers, background, stand guard in front of the Banking Association during a protest in Beirut, Lebanon.