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.



Israeli Troops Battle Palestinian Fighters in Gaza City of Khan Younis

 Smoke rises following Israeli strikes during an Israeli military operation, amid Israel-Hamas conflict, in Khan Younis, in the southern Gaza Strip, July 24, 2024. (Reuters)
Smoke rises following Israeli strikes during an Israeli military operation, amid Israel-Hamas conflict, in Khan Younis, in the southern Gaza Strip, July 24, 2024. (Reuters)
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Israeli Troops Battle Palestinian Fighters in Gaza City of Khan Younis

 Smoke rises following Israeli strikes during an Israeli military operation, amid Israel-Hamas conflict, in Khan Younis, in the southern Gaza Strip, July 24, 2024. (Reuters)
Smoke rises following Israeli strikes during an Israeli military operation, amid Israel-Hamas conflict, in Khan Younis, in the southern Gaza Strip, July 24, 2024. (Reuters)

Israeli troops battled Palestinian fighters in Khan Younis in southern Gaza and destroyed tunnels and other infrastructure, as they sought to suppress small militant units that have continued to hit troops with mortar fire, the military said on Friday.

The Israeli Defense Forces (IDF) said troops had killed around 100 Palestinian fighters since Israeli troops began their latest operation in Khan Younis on Monday, which continued as pressure mounted for a deal to halt the fighting.

It said seven small units that had been firing mortars at the troops were hit in an air strike, while further south, in Rafah, four fighters were also killed in air strikes.

The Islamic Jihad armed wing said it fired rockets toward the southern Israeli city of Ashkelon and other Israeli towns near Gaza. No casualties were reported, the Israeli ambulance service said.

The continued fighting, more than nine months since the start of Israel's invasion of Gaza following the Oct. 7 attack, underlined the difficulty the IDF has had in eliminating fighters who have reverted to a form of guerrilla warfare in the ruins of the coastal strip.

A Telegram channel operated by the armed wings of Hamas and Islamic Jihad, the two main militant groups in Gaza, said fighters had been waging fierce battles with Israeli troops east of Khan Younis with machine guns, mortars and anti-tank weapons.

Medics said at least six Palestinians were killed in Israeli strikes in eastern Khan Younis.

US PRESSURE

US President Joe Biden, and Vice President Kamala Harris, the presumptive Democratic Party nominee for president, both urged Prime Minister Benjamin Netanyahu to agree to a proposed ceasefire deal as soon as possible.

However there has been no clear sign of movement in talks to end the fighting and bring home some 115 Israeli and foreign hostages still being held in Gaza. Public statements from Israel and Hamas appear to indicate that serious differences remain between the two sides.

Local residents contacted by messenger app, said Israeli tanks had pushed into three towns to the east of Khan Younis, Bani Suhaila, Al-Zanna and Al-Karara and blew up several houses in some residential districts.

The military said air force jets hit around 45 targets, including tunnels and two launch pads from which rockets were fired into Beersheba in southern Israel.

Even while the fighting continued around Khan Younis and Rafah in the south, in the northern part of the enclave, Israeli tanks pushed into the Tel Al-Hawa suburb west of Gaza city, residents said.

A Hamas Telegram channel said fighters targeted an Israeli tank in Tal Al-Hawa and shot an Israeli soldier.

Medics said two Palestinians were also killed in an air strike in western Gaza city.

More than 39,000 Palestinians have been killed in the fighting in Gaza, according to local health authorities, who do not distinguish between fighters and non-combatants.

Israeli officials estimate that some 14,000 fighters from armed groups including Hamas and Islamic Jihad, have been killed or taken prisoner, out of a force they estimated to number more than 25,000 at the start of the war.