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Deposit money in Lebanese banks, you might end up loosing everything
They used to say that lebanese banks are very strong. If you had a chance to see the publicity that was done for some lebanese banks on Lebanese media prior to october-2019, you might think that it is the safest place to deposit your money.
After october-2019, Lebanese banks started to make people feel that they cannot withdraw their money. They started by creating their own laws. Like as an example, one bank used to tell people that they are allowed to pull on 1000 USD/month or 500USD/month, depending on the total amount of money. Like for example if a person has an amount of more than 100 000 USD, he was allowed to pull 1000 USD/month, if he had between 50K and 100K, he was allowed to pull only 500USD/month.
People who store the revenu of their hardworking life in a bank, were feeling like they are beggars when they want to get their money.
This was of the begining. We will post more and more later.
If you are thinking one day to deposit money in Lebanese banks, think 10000 times before.
As we people who created this website, our experience was with Byblos Bank, BLOM Bank, BLF (Banque Libano-Française)
It is the worst experience i ever had in my life with these banks.
Main purpose of storing money in the bank
Main purpose of storing money in the bank
The main idea of a bank, is to ensure that the money people deposit is safe. Maybe safe from been spent, but especially safe from been stolen.
People who deposit their money in the bank, wanted to ensure that it is safe, safe from been stolen.
Interest on deposited money, because the bank will go and invest the money in secure areas and transactions, and it will give low profit back to the customers. Again, the main purpose is having the money safe from been stolen
What happened with Lebanese banks ? Customers' Money is not any more avaialable.
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