Lebanon’s Banking Collapse: The Frozen Savings Crisis Explained
Автор: Pinx Global Markets
Загружено: 2025-06-25
Просмотров: 102
Описание:
Lebanon’s banking collapse, sparked in 2019 by decades of corruption and mismanagement, has trapped millions of citizens’ savings, with informal capital controls and a devalued Lebanese pound blocking access to funds. Insolvent banks, burdened by worthless government debt, restrict withdrawals to minimal amounts, often in devalued currency, plunging families into poverty. With political gridlock stalling recovery efforts, depositors remain stuck in a deepening financial crisis.
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