Freeze Order on Lebanese Banks Lifted After Less Than 24 Hours

  • Prosecutor questioned 14 bankers on $2.3 billion in transfers
  • About-face is latest turn in spat between banks and government

Nationwide protests began in October, forcing the closure of lenders for nearly two weeks.

Photographer: Ibrahim Chalhoub/AFP via Getty Images

Lock
This article is for subscribers only.

Follow us @middleeast for more news on the region.

The showdown between the Lebanese government and local banks took a new twist when a freeze order on 20 lenders was lifted just hours after it was first imposed.