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Found 1 result

  1. Officially.. the government of Lebanon announces the bankruptcy of the state and the central bank 2022-04-04 09:11 Shafaq News/ The Deputy Prime Minister of the Lebanese Government, HE Al-Shami, announced today, Monday, "the bankruptcy of the state and the Central Bank of Lebanon." Al-Shami said in an interview with the Lebanese “Al-Jadeed” channel, that “the losses will be distributed to the state, the Banque du Liban, the banks and the depositors, and there is no specific percentage. The loss will be much greater." Al-Shami added that "there is a fact that cannot be ignored, and we cannot live in a state of denial, and we cannot open (banking) withdrawals to all people, and I wish that if we were in a normal state." Regarding the negotiations with the International Monetary Fund, he said, "We are in the midst of negotiations with the International Monetary Fund and are in daily contact with the IMF. For the first time, this large mission has come and we have made great progress with the IMF negotiations." Al-Shami expressed the hope that he would “reach an agreement in this round or in another round,” explaining that “the negotiations are currently focusing on several topics, namely, reforming and restructuring the banking sector, a balanced fiscal policy to service the public debt, reforming the public and electricity sector, unifying the exchange rate, and politics.” monetary policy and inflation. He pointed out that KPMG is auditing the Banque du Liban, and that the bank is undertaking an inventory of the quantities of gold in its possession, and has already begun the inventory process.
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