'I Need My Salary': Anger as Lebanese Banks Reopen

File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
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'I Need My Salary': Anger as Lebanese Banks Reopen

File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)
File Photo: People queue outside a bank in Tripoli, Lebanon November 1, 2019. (Reuters)

Depositors scuffled and long lines formed at Lebanese banks Monday as they partially reopened after a week-long closure following a slew of heists by customers desperate to access their money.

But most banks remained shut, welcoming only a handful of depositors on appointment, and there was anger from those seeking to withdraw frozen funds desperately needed to weather a crushing economic crisis, AFP said.

At a closed Beirut branch of Fransabank, dozens of soldiers, internal security forces members and customers had queued for hours.

"I don't care about anything, I need my salary," one ISF member yelled from behind the locked gates.

Banks started imposing draconian restrictions on withdrawals after Lebanon's economy collapsed in 2019.

Since then, the Lebanese pound has lost more than 95 percent of its market value, meaning public sector salaries have slumped to as low as $40 a month.

Earlier this month five banks were stormed in one day with depositors seeking to unlock frozen savings, after a string of similar holdups in past weeks.

The Lebanese banks association said Sunday that banks will reopen in a limited capacity to businesses, educational institutions and hospitals. Many banks have also now hired security guards.

ATMs will be available "for everyone else," to allow public and private sector institutions to transfer salaries, they said.

Georges Hajj of Lebanon's bank employees union said that some branches did not reopen, but those that did increased security.

"This week is a test to see how things will unfold," he said.

In the southern city of Sidon, heavy security has been deployed at several banks, an AFP correspondent reported, after a security forces member tried to get into a BLOM bank branch by force to retrieve his salary.

In the queue outside Fransabank, Yolla Sawan, a 67-year-old retired teacher, waited for her appointment, hoping to withdraw roughly $130 -- her bank's maximum monthly allowance.

"I don't know what will happen (if I can’t withdraw)," she said in a soft voice.

Near the bank, more servicemen and ordinary depositors queued in front of an ATM which was empty of any cash.

One ISF member, who declined to give his name, said he had been waiting for two hours to withdraw his meagre salary.

"I have nothing to say, I am drained," he said.



US Defers Removal of Some Lebanese, Citing Israel-Hezbollah Tensions

Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
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US Defers Removal of Some Lebanese, Citing Israel-Hezbollah Tensions

Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)
Smoke billows from a site targeted by Lebanon's Hezbollah, along the northern Israeli border with Lebanon on July 25, 2024, amid ongoing cross-border clashes between Israeli troops and Hezbollah fighters. (AFP)

The United States is deferring the removal of certain Lebanese citizens from the country, President Joe Biden said on Friday, citing humanitarian conditions in southern Lebanon amid tensions between Israel and Hezbollah.

The deferred designation, which lasts 18 months, allows Lebanese citizens to remain in the country with the right to work, according to a memorandum Biden sent to the Department of Homeland Security.

"Humanitarian conditions in southern Lebanon have significantly deteriorated due to tensions between Hezbollah and Israel," Biden said in the memo.

"While I remain focused on de-escalating the situation and improving humanitarian conditions, many civilians remain in danger; therefore, I am directing the deferral of removal of certain Lebanese nationals who are present in the United States."

Israel and Iran-backed Hezbollah have been trading fire since Hezbollah announced a "support front" with Palestinians shortly after its ally Hamas attacked southern Israeli border communities on Oct. 7, triggering Israel's military assault in Gaza.

The fighting in Lebanon has killed more than 100 civilians and more than 300 Hezbollah fighters, according to a Reuters tally, and led to levels of destruction in Lebanese border towns and villages not seen since the 2006 Israel-Lebanon war.

On the Israeli side, 10 Israeli civilians, a foreign agricultural worker and 20 Israeli soldiers have been killed. Tens of thousands have been evacuated from both sides of the border.