Search

Prime Minister of Lebanon: "The state has gone bankrupt…What a pity."

... Al-Jadeed that the authorities will strive to minimize the losses that ordinary citizens will inevitably suffer due to bankruptcy. Losses are planned to be distributed among the state, the Central Bank, credit institutions of the country and depositors. Lebanon has been in an economic crisis since late 2019. The country experienced a massive depreciation of the currency, people do not have enough fuel and medicines. Massive power outages often occur. The ability to withdraw cash in dollars or euros in Lebanon has also been limited ...

Sorted by relevance | Sort by date