Better in a safe than sorry: Amid unrest, some Lebanese stash cash at home - Reuters:
Having lived next door to Iraq during the U.S.-led invasion to oust Saddam Hussein in 2003, Diana is no stranger to geopolitical unrest. Back then her family withdrew cash from their bank in Kuwait and stored it at home.
More than 16 years later, Diana’s family, now living in their native Lebanon, are taking the same step as unrest flares with protesters demanding the removal of a political elite seen as corrupt and out of touch.
While there has been no armed conflict, a government has been toppled - Saad al-Hariri quit as prime minister last week - and the ensuing political void has accelerated a massive outflow of bank deposits as people fret about the future.
Having lived next door to Iraq during the U.S.-led invasion to oust Saddam Hussein in 2003, Diana is no stranger to geopolitical unrest. Back then her family withdrew cash from their bank in Kuwait and stored it at home.
More than 16 years later, Diana’s family, now living in their native Lebanon, are taking the same step as unrest flares with protesters demanding the removal of a political elite seen as corrupt and out of touch.
While there has been no armed conflict, a government has been toppled - Saad al-Hariri quit as prime minister last week - and the ensuing political void has accelerated a massive outflow of bank deposits as people fret about the future.
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