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Lebanon’s banks announce the suspension of their strike

March 22, 2023

The Association of Banks in Lebanon announced the suspension of its strike after a week-long closure, in protest against decisions and lawsuits against some banks. The Association of Banks said in a statement: It "On the occasion of the beginning of the holy month of Ramadan and to facilitate the affairs of all citizens, and in light of the ongoing contacts with the relevant authorities to address the imbalance in the judicial and regulatory facility, the Association of Banks in Lebanon decides to suspend the strike, and to follow up on its contacts with the relevant authorities, provided that it takes a position in the light of the practical results of these contacts, starting From tomorrow morning / Wednesday /. The Association of Banks in Lebanon announced the strike since March 14, and in a statement issued by it denounced the judicial decisions against the banks. It is noteworthy that the Association of Banks in Lebanon announced, on February 24, the suspension of its strike as well, more than three weeks after the closure of banks, in rejection of the judicial summons and some decisions issued against it, which, as it put it, affect the regularity of banking work and the rights of depositors.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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