10 Mar 2023 | 11:08 AM UTC
Lebanon: Banks to launch open-ended nationwide strike beginning March 14
Banks in Lebanon to launch nationwide open-ended strike March 14. Business disruptions likely. Associated protests possible.
Event
The Association of Lebanese Banks plans to launch a nationwide open-ended strike beginning Aug. 14. The action is in response to perceived "arbitrary judicial decisions" which have drained the country's foreign currency reserves. While organizers have not announced any protests, nationwide demonstrations are possible at banks and public squares.
Disruptions to business services are likely during the strike. The labor action will probably not disrupt internet banking services, though businesses that rely on cash may face minor disruptions during the strike. Localized transport disruptions are possible near demonstrations in urban centers, especially if protesters march along or block roads. Clashes between police and protesters cannot be ruled out, particularly if demonstrators are overly disruptive or if they ignore police orders to disperse.
Advice
Plan for banking service disruptions nationwide. Avoid any possible protests due to the potential for clashes. If clashes break out, leave the area immediately. Follow all security personnel instructions. Allow additional travel time near gatherings.
