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Egypt's central bank eases restrictions on credit card use abroad

STORY: Egypt's central bank eases restrictions on credit card use abroad DATELINE: Oct. 27, 2023 LENGTH: 00:01:08 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Bank of Egypt 2. various of counting the banknotes 3. various of an Egyptian airport STORYLINE: The Central Bank of Egypt (CBE) announced on Thursday measures to ease the restrictions on credit card usage abroad, allowing clients to use their cards without limits on hard currency withdrawals abroad. The CBE explained the action comes in response to the complaints of clients on the limits of hard currency withdrawals before traveling abroad. In a bid to hedge against the severe hard currency shortage in the local market, on Oct. 17, the CBE set restrictions to limit credit card use for transactions in foreign currencies abroad amid concerns of misuse. Xinhua News Agency correspondents reporting from Cairo. (XHTV)

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Lebanese people challenged by fees to access resorts amid financial crisis

STORY: Lebanese people challenged by fees to access resorts amid financial crisis DATELINE: June 8, 2023 LENGTH: 00:03:01 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. various of people at a resort in Lebanon's coastal town of Khalde 2. various of people spending time at the swimming pool 3. SOUNDBITE 1 (Arabic): BASSEL EID, Lebanese citizen 4. various of people spending time at the swimming pool 5. various of people sitting at the beach 5. SOUNDBITE 2 (Arabic): MAKRAM MOHTAR, Owner of Deauville resort in Khalde 6. various of the sea in Ramlet El-Baida in Beirut 7. various of people at Ramlet El-Baida in Beirut STORYLINE: Lebanon's financial crisis made it difficult for Lebanese people to practice their favorite summer hobby of visiting their country's famous resorts. The crisis plunged a big part of the population into poverty as the local currency collapsed and banks imposed heavy restrictions on cash withdrawals from banks. Lebanon's crisis was paralleled by an unprecedented inflation in prices of d

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Lebanese protest against dire living conditions, low wages

STORY: Lebanese protest against dire living conditions, low wages DATELINE: March 24, 2023 LENGTH: 0:02:23 LOCATION: Beirut CATEGORY: POLITICS SHOTLIST: 1. various of protests STORYLINE: Hundreds of Lebanese citizens, including retired military personnel, on Wednesday took to the streets to protest against the dire living conditions. Since 2019, Lebanon has been facing a steep financial crisis, which plunged more than 80 percent of the Lebanese population into poverty. The crisis also forced banks to place restrictions on withdrawals of deposits in Lebanese pounds and U.S. dollars which caused the loss of people's savings. The country has so far failed to implement necessary reforms to unlock aid from the International Monetary Fund and put the country on the path of recovery. Xinhua News Agency correspondents reporting from Beirut. (XHTV)

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Lebanese protest as financial collapse continues

STORY: Lebanese protest as financial collapse continues DATELINE: Feb. 17, 2023 LENGTH: 00:01:13 LOCATION: Beirut CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of tires on fire in front of a bank in Beirut 2. various of firefighters putting off the fire 3. various of people marching in protest 4. various of protestors destroying banks STORYLINE: Hundreds of Lebanese people demonstrated in Beirut and other regions of the country on Thursday, burning tires and destroying the doors and fences of the banks to protest against the loss of deposits. Lebanon has been suffering from a steep financial crisis since October 2019, forcing banks to restrict deposit withdrawals in U.S. dollars and Lebanese pounds. This led to plunging over 80 percent of the population into poverty. Lebanon's crisis was further exacerbated by the absence of a president and an effective government capable of implementing structural reforms to unlock aid from the International Monetary Fund and put the country on the path of recovery.

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Card-free ATM

GIFU, Japan - A customer places her palm on the censor of an automated teller machine for identification at the Hashima city branch of Ogaki Kyoritsu Bank in Gifu Prefecture on Sept. 26, 2012. The regional bank based in the prefecture started the same day operating ATMs for cash withdrawals, deposits and balance inquiries that do not require plastic cards but instead identify account holders by scanning their hands.

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Yangon banks hit by rush of withdrawals

YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well.

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Lebanese protest against capital control law

STORY: Lebanese protest against capital control law DATELINE: April 20, 2022 LENGTH: 00:02:56 LOCATION: Beirut CATEGORY: SOCIETY SHOTLIST: 1. various shots for people holding flags and protesting 2. SOUNDBITE(Arabic) 1: HOUSSAM BOUTAYEH, Lawyer 3. various shots for people holding flags and slogans 4. SOUNDBITE(Arabic) 2: ALAA KHORSHID, Depositor 5. various shots for people protesting STORYLINE: Bank depositors gathered on Tuesday morning in Beirut Downtown to protest against the capital control draft law. Protesters held flags and chanted slogans against banks and their "unfair restrictions and practices." Protesters also prevented some deputies from arriving at Parliament for a joint parliamentary session for the Finance and Budget Committee to discuss the bill, which will introduce exceptional and temporary restrictions on bank withdrawals. The draft law on capital control aims to legalize and standardize banking restrictions put in place at the beginning of the economic crisis in 2019. The capital

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Mizuho Bank suffers system failures at branch counters across Japan

Mizuho Bank suffered Friday system failures that prevented its branch counters across Japan from conducting transactions, such as deposits, withdrawals and transfers, its parent company said, the latest in a series of system crashes that have hit the major Japanese lender. Mizuho Trust & Banking Co. also suffered similar malfunctions at its branch counters, according to the major banking group Mizuho Financial Group Inc., but the group's internet banking and automatic teller machines were unaffected. The four earlier system failures occurred over about two weeks from Feb. 28 this year. A total of 4,300, or about 80 percent, of Mizuho's ATMs nationwide were affected, with more than 5,000 bank cards and bank books swallowed by the machines.

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Mizuho Bank suffers 5th Japan-wide system failure of 2021

Mizuho Bank suffered its fifth system failure of the year on Friday that prevented the completion of deposits, withdrawals, transfers and other transactions at its branch counters across Japan, its parent company said. "We take it extremely seriously that the failure happened while we were working to prevent any recurrence following the previous crashes in February and March," Mizuho Financial Group President and Group CEO Tatsufumi Sakai said at a press conference as he apologized to those affected by the problem. The latest crash came as the Financial Services Agency is investigating the system failures in February and March with an eye to issuing a business improvement order to Mizuho.

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Mizuho Bank suffers system failures

An outlet of Mizuho Bank is pictured in Tokyo's Shimbashi area on Aug. 20, 2021. Mizuho Bank suffered system failures the same day that prevented branch counters across Japan from conducting transactions, such as deposits, withdrawals and transfers.

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Mizuho Bank ATM glitch

A Mizuho Bank ATM is seen out of service in Tokyo on March 1, 2021, due to a glitch affecting cash withdrawals and other transactions. Some ATMs of the major Japanese bank continued to experience the problem that began the previous day.

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Mizuho Bank ATM glitch

Some Mizuho Bank ATMs are seen out of service in Tokyo on March 1, 2021, due to a glitch affecting cash withdrawals and other transactions. Some ATMs of the major Japanese bank continued to experience the problem that began the previous day.

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Mizuho Bank ATM glitch

Mizuho Bank ATM services are seen out of service in Tokyo on March 1, 2021, due to a glitch affecting cash withdrawals and other transactions. Some ATMs of the major Japanese bank continued to experience the glitch that began the previous day.

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Mizuho Bank ATM glitch

Photo taken on Feb. 28, 2021, shows a Mizuho Bank ATM in Tokyo hit by a glitch affecting cash withdrawals and other transactions at some of the major Japanese bank's outlets.

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Mizuho Bank ATM glitch

Photo taken on Feb. 28, 2021, shows a Mizuho Bank ATM in Tokyo hit by a glitch affecting cash withdrawals and other transactions at some of the major Japanese bank's outlets.

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama (C) attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama (L) attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama (L) attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama (R) attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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18 million yen stolen via NTT Docomo's e-money service

NTT Docomo Inc. Senior Executive Vice President Seiji Maruyama attends a press conference at the company's headquarters in Tokyo on Sept. 10, 2020, apologizing to people whose bank deposits have been stolen by third parties through Docomo's e-money service. Maruyama said over 60 cases of unauthorized withdrawals from the victims' accounts at 11 banks linked to the e-money service have been confirmed, with the total amount stolen reaching about 18 million yen ($170,000).

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Yokozuna withdrawals open up the field in Osaka

Sumo wrestler Takanoiwa trains in Uji, Kyoto Prefecture on March 10, 2018 ahead of his comeback at the Spring Grand Sumo Tournament starting the following day. The Mongolian is poised to make his return to the ring in the second-tier juryo division after suffering a concussion in a bar-room scuffle in October. (Kyodo) ==Kyodo

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Yokozuna withdrawals open up the field in Osaka

Sumo wrestler Takanoiwa trains in Uji, Kyoto Prefecture on March 10, 2018 ahead of his comeback at the Spring Grand Sumo Tournament starting the following day. The Mongolian is poised to make his return to the ring in the second-tier juryo division after suffering a concussion in a bar-room scuffle in October. (Kyodo) ==Kyodo

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Coincheck

Yusuke Otsuka, a board director of Coincheck Inc., speaks to reporters in Tokyo on Feb. 13 after submitting a business improvement package to the Financial Services Agency following the theft of 58 billion yen ($533 million) worth of digital money. The digital currency exchange operator resumed yen withdrawals for its users the same day, following weeks of suspension triggered by the heist, which came to light in January. (Kyodo) ==Kyodo

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Coincheck

Yusuke Otsuka, a board director of Coincheck Inc., speaks to reporters in Tokyo on Feb. 13 after submitting a business improvement package to the Financial Services Agency following the theft of 58 billion yen ($533 million) worth of digital money. The digital currency exchange operator resumed yen withdrawals for its users the same day, following weeks of suspension triggered by the heist, which came to light in January. (Kyodo) ==Kyodo

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Coincheck

Yusuke Otsuka, a board director of Coincheck Inc., speaks to reporters in Tokyo on Feb. 13 after submitting a business improvement package to the Financial Services Agency following the theft of 58 billion yen ($533 million) worth of digital money. The digital currency exchange operator resumed yen withdrawals for its users the same day, following weeks of suspension triggered by the heist, which came to light in January. (Kyodo) ==Kyodo

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Coincheck

Yusuke Otsuka, a board director of Coincheck Inc., speaks to reporters in Tokyo on Feb. 13 after submitting a business improvement package to the Financial Services Agency following the theft of 58 billion yen ($533 million) worth of digital money. The digital currency exchange operator resumed yen withdrawals for its users the same day, following weeks of suspension triggered by the heist, which came to light in January. (Kyodo) ==Kyodo

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Coincheck

Yusuke Otsuka, a board director of Coincheck Inc., speaks to reporters in Tokyo on Feb. 13 after submitting a business improvement package to the Financial Services Agency following the theft of 58 billion yen ($533 million) worth of digital money. The digital currency exchange operator resumed yen withdrawals for its users the same day, following weeks of suspension triggered by the heist, which came to light in January. (Kyodo) ==Kyodo

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Yangon banks hit by rush of withdrawals

YANGON, Myanmar - People queue outside a Yangon bank Feb. 18 to withdraw their deposits after 20 private banks decided to limit withdrawals to 200,000 kyats ($32,200), down from a limit of 500,000 kyats the previous week. The rush on the banks began with the collapse of some private financial services groups operating outside government financial regulations, which triggered rumors the banks were at risk as well. (Kyodo)