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Lebanese depositors irate over closed banks

Banks in Lebanon have been shut down for nearly a week amid fears of a bank run.
Lebanese depositors queue to withdraw money from a Fransabank branch as banks partially reopened following a week of closure due to security concerns, Beirut, Lebanon, Sept. 26, 2022.

BEIRUT — The Association of Banks in Lebanon (ABL) announced Sept. 25 that banks across the country would reopen their doors Sept. 26 after they had been closed for five days following a spate of heists carried out by depositors to recover their frozen savings. 

On Sept. 26, several banks opened their doors to clear some urgent banking operations, namely for commercial, educational and medical institutions, while transactions for ATMs have also resumed for all clients, according to a statement by the ABL.

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