https://www.aljazeera.com/economy/2022/2/3/lebanon-us-dollar-savers-fear-theyll-foot-crisis-bill https://www.aljazeera.com/economy/2022/2/3/lebanon-us-dollar...

https://www.aljazeera.com/economy/2022/2/3/lebanon-us-dollar-savers-fear-theyll-foot-crisis-bill https://www.aljazeera.com/economy/2022/2/3/lebanon-us-dollar... > Ad hoc lirafication has been happening since the country first started sliding into crisis in August 2019, when Lebanon’s banks began to withhold deposits in US dollar accounts. > Currently, depositors can withdraw from their dollar accounts in Lebanese pounds – but at an unfavourable exchange rate that wipes out 70 percent of the market value of those dollar savings, while helping banks trim their losses and expenses.