Banks in Lebanon froze accounts three years ago amid economic collapse. Now, under increasingly dire circumstances, people are resorting to extreme measures to access their savings — including heists.
Ismail Mohammed shows NPR bank statements indicating the family has close to $90,000 in their account. Part of this is money is from a house he and his mother sold just before the banks froze depositors' accounts.since October 2019, and inflation has soared. Now, the family's debts are piling up.
Amina Mohammed, 35, the daughter of Zahra Khaled, sits in her mother's apartment in Tripoli, Lebanon, on Nov. 23. Mohammed says she and her husband and three children will be evicted from her home if she cannot pay the rent.Amina Mohammed, 35, the daughter of Zahra Khaled, sits in her mother's apartment in Tripoli, Lebanon, on Nov. 23. Mohammed says she and her husband and three children will be evicted from her home if she cannot pay the rent.
Banks do allow withdrawals of $400 per account per month, plus some Lebanese currency, in a strategy that he says will repay as many as 70% of depositors.
France Dernières Nouvelles, France Actualités
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