Banks in Lebanon partially reopened on September 25, following a week-long closure after customers stormed several bank branches demanding their savings.
The past few weeks have been the culmination of an economic and financial crisis that started in 2019 when the country defaulted on its foreign debt. Since then, the Lebanese pound has plunged by more than 95% from the official rate, with dollars currently being valued at around L£38,000 on the parallel market.
