Lebanon banks tighten withdrawal caps, sparking outcry

Major banks in Lebanonbegan tightening bankingcontrols this month, halving the amount of dollars depositors are allowed to withdraw every month, despite growing public anger.Faced with a dollar liquidity crunch, banks have imposed informal controls on dollar withdrawals and transfers abroad since September amid widespread anti-government protestsand Lebanon’s worst economic crisis in decades.Withdrawal limits differ from bank to bank, but have so far generally been capped at around $1,000 a month, while most transfers abroad have been halted.Some banks have now imposed even tighter restriction…

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