Even banks have closed. It's no surprise, as Lebanese people have recently become accustomed to the repeated strikes that shift from one sector to another in the non-country we live in. Several questions arise among Lebanese citizens since the announcement of the closure. Are banks completely halting operations? Will ATMs be shut down? Next week will be decisive. "The banks' strike will continue in its current state for now, with Wednesday being crucial for making a decision regarding the suspension of ATMs and dealings with companies," a banking source affirmed to MTV, adding: "Until then, discussions will be revisited, and there will be internal meetings to decide whether banks will proceed with escalatory measures or hold off."
He states, "The trend is still towards escalation, but that doesn't mean banks are ignoring the suffering of depositors. For instance, stopping ATMs is one of the options, but banks are trying to avoid this and it will be the last resort."
Thus, banks are holding off, especially since they are awaiting the outcomes of interventions and communications taking place. However, the danger, according to the same source, is that matters have become intertwined due to certain lawsuits, claims, laws, and procedures taken against banks, which could snowball into a situation that would destroy the possibilities of continuing to finance the banking financial cycle in the country.
