Dozens in Beirut protest proposed capital control law

Описание: (19 Apr 2022) LEBANON PROTEST

SOURCE: ASSOCIATED PRESS
RESTRICTION SUMMARY:
LENGTH: 2:05
ASSOCIATED PRESS
Beirut - 19 April 22
1. Bank depositors, who do not have access to most of their savings, protesting outside the parliament building
2. Flags and banners
3. Various of protest
4. SOUNDBITE (Arabic) Mona Mahassem, protester:
"The (proposed) capital control law will not pass even over our dead bodies. They will have to return the deposits no matter what. We will take them back the way we deposited them. What was in dollar has to be returned in dollar and what was in Lebanese pound, they will have to find a way to compensate people who lost (its value). We will not be silent regarding our deposits even if the country is going to burn down."
5. Lebanese army personal watching protest
6. Various of depositors protesting outside parliament
7. SOUNDBITE (Arabic) Alaa Khorshid, protester:
"We will not stop here, and we will continue wherever it's going to lead. I won't accept getting robbed. If they want to imprison me, kill me, they can do whatever they want. This is my right according to the laws, the constitution, and all religions. I will not accept that I worked for 20 to 25 years, like everyone here and like members of the military, and then a group of thieves rob the money and say that 'we want to make a plan to see what we can do'."
8. Depositors blocking road during protest
9. Various of protest
10. Mid of Lebanese army units
11. Police motorcycle, traffic in background
LEADIN:
Dozens of Lebanese took to the streets of Beirut to protest a new draft law on capital controls that would limit how much bank depositors can withdraw from their savings.
The protest comes as an economic meltdown plunges the fragile country deeper into uncertainty.
STORYLINE:
Scores of Lebanese bank depositors once again protested in downtown Beirut on Tuesday, objecting to a proposed capital control law that would limit how much they can withdraw from their savings.
Lebanon is in the grip of a severe economic crisis that was described by the World Bank as one of the worst the world has witnessed since the 1850s.
Last month, the government approved a capital control law that was rejected in parliament.
A new draft is being discussed by a parliamentary committee ahead of a vote. It is still not clear when the vote will take place.
The new draft shortens controls on cash withdrawals and transfers abroad to two years, down from five years proposed in the previous draft.
The draft law will have to be approved by parliament to go into effect.
Local banks have imposed informal capital controls since Lebanon's devastating economic and financial crisis began in October 2019.
There have since been concerns that depositors will lose part of their savings.
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