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20 November, 2019 00:00 00 AM

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Banks to reopen in Lebanon after week-long strike

AFP, Beirut

Banks in Lebanon will reopen yesterday after a week of strikes following incidents with clients angered by restrictions on withdrawals, as a protest movement entered its second month.

The Federation of Syndicates of Banks Employees in Lebanon announced the end of the strike on Monday, saying new security measures had been agreed with authorities to protect banking institutions.

The situation remains tense in the country, as an unprecendented protest movement against the ruling elite entered its second month on Sunday.

Hundreds of thousands of Lebanese have filled streets and blocked roads across the country since October 17, demanding the ouster of a political class they deem incompetent and corrupt.

The demonstrations led to the resignation of Prime Minister Saad Hariri and his government, but a new premier has yet to be named weeks later.

A parliamentary session to discuss several controversial laws, already postponed for a week due to pressure from the street, is set for Tuesday.

A call has gone out for protesters to form a human chain blocking routes to the parliament building at the heart of the capital Beirut to stop lawmakers from attending the session.

Lawmakers are expected to discuss a general amnesty law that would include thousands of people.

Activists say the text could exonerate those convicted or suspected of involvement in tax evasion or environmental crimes.

Protesters have demanded prioritisation of legislation that will bring corrupt officials to justice or recuperate misappropriated public funds.

The protests have brought the country to a standstill and the already struggling economy closer to crisis.

Banks have only opened for one week over the month of rallies, with restrictions on withdrawals, foreign currency transactions and access to dollars causing bank clients’ tempers to flair.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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