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Protests erupt in Lebanon against harsh economic policies

Lifting of ban could fetch Lebanon $100m annually.
  • The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement
  • They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls

A group of engineers in Lebanon carried out a protest sit-in outside the Central Bank branch in Sidon, in conjunction with similar stands outside BDL’s branches in Beirut and other regions.

The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement.”

Members of the Engineers’ Syndicate, Ibrahim Hijazi and Bilal Shaaban, on behalf of protesters, denounced “the ruling political regime and the financial system that has caused the tragedies of the Lebanese people, alongside the practices of the banks and the central bank governor.”

They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls on the Syndicate’s accounts and its members’ funds, particularly the Engineers’ Hospitalization and Retirement Fund.”

They emphasized that their stance “is a message to the government and the Banque du Liban that are legalizing the theft of engineers’ deposits.”

The protestors also demanded, “the return of deposits in their same currency because they are an acquired right.”