The #AssociationofBanks (ABL) announced on Thursday that it will go on an open strike starting next Monday, to protest the “malicious lawsuits against banks, which have resulted in arbitrary and populist rulings.”
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The ABL will follow up on this decision at its next regular meeting, held on August 10.
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Between these two dates, the local economy will not be able to receive incoming remittances or to open credit lines for imports. #Dollar sales through the Sayrafa platform will also be halted, and society will be hostage to the blackmail of banks.
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The chairman of Creditbank was arrested at the beginning of the month, an incident the ABL invoked in its statement to announce its financial disobedience.
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But the strike also coincides with the negotiations of the financial recovery plan and the draft law for restructuring the banking sector, and the ABL is using all its available pressure tools to prevent banks from bearing their share of the financial losses.
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