Lebanese Lawmaker Frees $8,500 in Trapped Bank Deposits

Cynthia Zarazir, a member of the Lebanese parliament who entered a Byblos bank branch seeking her own savings, according to a depositors' advocacy group, stands inside a bank in Antelias, Lebanon October 5, 2022. (Reuters)
Cynthia Zarazir, a member of the Lebanese parliament who entered a Byblos bank branch seeking her own savings, according to a depositors' advocacy group, stands inside a bank in Antelias, Lebanon October 5, 2022. (Reuters)
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Lebanese Lawmaker Frees $8,500 in Trapped Bank Deposits

Cynthia Zarazir, a member of the Lebanese parliament who entered a Byblos bank branch seeking her own savings, according to a depositors' advocacy group, stands inside a bank in Antelias, Lebanon October 5, 2022. (Reuters)
Cynthia Zarazir, a member of the Lebanese parliament who entered a Byblos bank branch seeking her own savings, according to a depositors' advocacy group, stands inside a bank in Antelias, Lebanon October 5, 2022. (Reuters)

A Lebanese lawmaker entered a bank branch, accompanied by lawyers, and freed more than $8,000 in trapped dollar deposits on Wednesday to pay for surgery, her lawyer said.

Cynthia Zarazir, who was elected to parliament in May, is the latest in a growing number of angry depositors who have forced Lebanese lenders to unlock savings trapped under informal capital controls imposed in the face of an unprecedented financial crisis.

Zarazir, unarmed but with legal cover, entered her bank branch in a northern suburb of Beirut at around 9 am (0600 GMT) to demand $8,500 to pay for surgery costs not covered by her health insurance, her lawyer Fouad Debs said.

She exited hours later after the bank paid her the sum in cash, Debs and the official National News Agency said.

Several activists had gathered outside the bank to support Zarazir, whose plight echoes that of the many Lebanese who have been locked out of their savings by bank restrictions that have tightened since the start of the country's financial crash in 2019.

Commercial lenders have effectively banned most foreign currency transactions, forcing depositors to withdraw their savings in the plummeting Lebanese pound, which has lost more than 95 percent of its value against the dollar on the black market.

'Not beggars'
Also on Wednesday, a retired member of Lebanon's Internal Security Forces stormed a bank in Beirut's southern suburbs to demand access to $48,000 in dollar savings as well as 270 million Lebanese pounds from his pension.

He was unarmed.

"After negotiations with the bank's management, he managed to get all his Lebanese pound deposits and $3,000" in trapped dollar savings, said Ibrahim Abdullah, a spokesman for the Depositors Union advocacy group.

Meanwhile, dozens of protesters gathered outside the central bank headquarters in Beirut to demand access to their money, amid a heavy troop deployment.

"We came to claim our rights," said protester Houssam Machmouchi, 42.

"We are not beggars, we just want our money."

On Tuesday, a retired diplomat and honorary consul of Ireland, Georges Siam, carried out an all-day sit-in at a bank in the suburbs of Beirut to recover his savings before eventually reaching a compromise.

Almost simultaneously, at least two other armed bank heists took place in separate branches.

They included one by a retired policeman who held up a bank in eastern Lebanon to demand a money transfer to his son in Ukraine to help pay for rent and university tuition.

Lebanon's banks closed for a week after a series of heists on September 16. They have since reopened amid tight security.



With Nowhere Else to Hide, Gazans Shelter in Former Prison

24 July 2024, Palestinian Territories, Khan Younis: Displaced Palestinians stay in Asda prison in Khan Younis after the Israeli army ordered them to leave their homes in the towns of Abasan, Bani Suhaila, Ma'an, Al-Zana and a number of other villages, amid Israel-Hamas conflict. (dpa)
24 July 2024, Palestinian Territories, Khan Younis: Displaced Palestinians stay in Asda prison in Khan Younis after the Israeli army ordered them to leave their homes in the towns of Abasan, Bani Suhaila, Ma'an, Al-Zana and a number of other villages, amid Israel-Hamas conflict. (dpa)
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With Nowhere Else to Hide, Gazans Shelter in Former Prison

24 July 2024, Palestinian Territories, Khan Younis: Displaced Palestinians stay in Asda prison in Khan Younis after the Israeli army ordered them to leave their homes in the towns of Abasan, Bani Suhaila, Ma'an, Al-Zana and a number of other villages, amid Israel-Hamas conflict. (dpa)
24 July 2024, Palestinian Territories, Khan Younis: Displaced Palestinians stay in Asda prison in Khan Younis after the Israeli army ordered them to leave their homes in the towns of Abasan, Bani Suhaila, Ma'an, Al-Zana and a number of other villages, amid Israel-Hamas conflict. (dpa)

After weeks of Israeli bombardment left them with nowhere else to go, hundreds of Palestinians have ended up in a former Gaza prison built to hold murderers and thieves.

Yasmeen al-Dardasi said she and her family passed wounded people they were unable to help as they evacuated from a district in the southern city of Khan Younis towards its Central Correction and Rehabilitation Facility.

They spent a day under a tree before moving on to the former prison, where they now live in a prayer room. It offers protection from the blistering sun, but not much else.

Dardasi's husband has a damaged kidney and just one lung, but no mattress or blanket.

"We are not settled here either," said Dardasi, who like many Palestinians fears she will be uprooted once again.

Israel has said it goes out of its way to protect civilians in its war with the Palestinian group Hamas, which runs Gaza and led the attack on Israel on Oct. 7 that sparked the latest conflict.

Palestinians, many of whom have been displaced several times, say nowhere is free of Israeli bombardment, which has reduced much of Gaza to rubble.

An Israeli air strike killed at least 90 Palestinians in a designated humanitarian zone in the Al-Mawasi area on July 13, the territory's health ministry said, in an attack that Israel said targeted Hamas' elusive military chief Mohammed Deif.

On Thursday, Gaza's health ministry said Israeli military strikes on areas in eastern Khan Younis had killed 14 people.

Entire neighborhoods have been flattened in one of the most densely populated places in the world, where poverty and unemployment have long been widespread.

According to the United Nations, nine in ten people across Gaza are now internally displaced.

Israeli soldiers told Saria Abu Mustafa and her family that they should flee for safety as tanks were on their way, she said. The family had no time to change so they left in their prayer clothes.

After sleeping outside on sandy ground, they too found refuge in the prison, among piles of rubble and gaping holes in buildings from the battles which were fought there. Inmates had been released long before Israel attacked.

"We didn't take anything with us. We came here on foot, with children walking with us," she said, adding that many of the women had five or six children with them and that water was hard to find.

She held her niece, who was born during the conflict, which has killed her father and brothers.

When Hamas-led gunmen burst into southern Israel from Gaza on Oct. 7 they killed 1,200 people and took more than 250 people hostage, according to Israeli tallies.

More than 39,000 Palestinians have been killed in the air and ground offensive Israel launched in response, Palestinian health officials say.

Hana Al-Sayed Abu Mustafa arrived at the prison after being displaced six times.

If Egyptian, US and Qatari mediators fail to secure a ceasefire they have long said is close, she and other Palestinians may be on the move once again. "Where should we go? All the places that we go to are dangerous," she said.