A proposal to restructure Lebanon's debt

The exposure of Lebanese banks to public debt and treasury bonds is equivalent to 69% of their total assets while up to US$11.8bn in Eurobonds is estimated to be held by international market participants.
by Michel Fayad

14 December 2019 | 14:46

Source: by Annahar

  • by Michel Fayad
  • Source: Annahar
  • Last update: 14 December 2019 | 14:46

A retired Lebanese soldier holds a national flag during a protest in front of the central bank headquarters in Beirut. (AP Photo).

The peg between the weak local Lebanese Pound and the globally strong US Dollar is an anomaly since the US is neither the main supplier nor the main client of Lebanon. In recent months, the Lebanese...
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