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Lebanese government declares country’s bankruptcy
(MENAFN) Based on Deputy Prime Minister Saadeh al-Shami, Lebanon as a country along with its central bank, Banque Du Liban have went bankrupt.
According to Al-Shami statement to the local Al-Jadeed channel, "the state has gone bankrupt as did the Banque du Liban, and the loss has occurred, and we will seek to reduce losses for the people."
He stated the losses are going to be dispersed across the country, the Banque du Liban, banks as well as depositors. “There is no conflict of views about the distribution of losses,” he added.
Since late 2019, Lebanon has been struggling with a harsh economic crisis, involving a huge currency devaluation along with fuel and medical deficiencies.
According to Al-Shami statement to the local Al-Jadeed channel, "the state has gone bankrupt as did the Banque du Liban, and the loss has occurred, and we will seek to reduce losses for the people."
He stated the losses are going to be dispersed across the country, the Banque du Liban, banks as well as depositors. “There is no conflict of views about the distribution of losses,” he added.
Since late 2019, Lebanon has been struggling with a harsh economic crisis, involving a huge currency devaluation along with fuel and medical deficiencies.
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