ATMs Spitting Back Bank Cards In Lebanon As "Dollars Have Virtually Disappeared" | WHAT REALLY HAPPENED

ATMs Spitting Back Bank Cards In Lebanon As "Dollars Have Virtually Disappeared"

Though banks reopened this week in Lebanon, with the country's financial institutions remaining front and center in massive anti-government protests amid accusations of corruption and wild mismanagement, withdrawal limits have now been made official by the country's Banks Association — previously unofficially enforced.

The formal controls now include limiting withdrawals to $1,000 per week, with transfers abroad only ambiguously defined necessary for “urgent matters”.

Yet the collective panic, driven by fears patrons won't be able to retrieve their deposits from banks, has only compounded, as now The Washington Post reports “Dollars have virtually disappeared.”

Webmaster's Commentary: 

Unfortunately, this Lebanese dollar disruption, may well be only the harbinger of the "great unravelling in the MIddle East", and other countries' currencies could start to fold,like a bad set of asthmatic accordions.

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