People Get Desperate To Access Bank Funds in Lebanon


A woman has recently been reported as robbing a bank with a toy gun in Beirut and trying to take money out of her own account to pay for her sister's medical treatment.

Blocked from accessing their money

People are panicking with the decreased access to their savings accounts, it is a measure that they might not have expected to come with the increasing economic uncertainty in the region.

Things have been getting worse for years.

Lebanon is seeing some of the worst inflation in the world right now, their inflation is expected to rank around the second-highest globally.

People have grown angry in the region and now they have held up at least 2 banks to try and get their own money back.

With strict limits on cash withdrawals and people being prevented from getting what they need it is a crisis that only seems to be getting worse as the economic situation unfolds. People have been fighting for access to their money for some time now.

Others might not be having the same issues though in spending or sending funds.

According to some leaked documents it has been previously alleged that the central bank governor's son had been able to move money overseas while most of the people had their funds blocked.

Each day they see the Lebanese lifestyle continually deteriorating

With so much economic uncertainty and struggle it is pushing many to see no future there.

As the cost of living worsens and things get more expensive it means a plummeting standard of living for millions. Many are pessimistic about the future in the region until things get better, this is a path of economic failure for many.

We have seen this play out now in multiple regions around the world as inflation has gotten worse for billions of people.

Those who are lucky enough to have the financial means or the opportunity to locate elsewhere have taken the chance. Even for those who don't have the means or opportunity waiting elsewhere we have also seen many who are still willing to risk their lives to try and find opportunity elsewhere because they don't see it coming to their home country anytime soon.

Those who should arguably take responsibility for the failure and pain that millions are suffering with are those who were in charge of the economy the entire time.

Pics:
pixabay
Sources:
https://www.dailystar.co.uk/news/world-news/woman-uses-toy-gun-rob-27996140
https://www.nbcnews.com/news/world/lebanon-bank-beirut-heist-financial-crisis-savings-rcna47660
https://www.news18.com/news/world/lebanese-woman-robs-bank-with-toy-gun-to-pay-for-sisters-cancer-treatment-5960881.html



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