Lebanon is a country and its center bank Bankrupt, according to Deputy Prime Minister HE Al-Shami.
“The state went bankrupt as did the Banque du Liban, and the loss occurred and we will strive to do so.” reduce losses for The people, Al-Shami, told the local Al-Jadeed channel.
He said that the losses will be distributed between the state, the Banque du Liban, banks and depositors.
There is no conflict of Perspectives on the distribution of losses” added.
The economic collapse of Lebanon that began in October 2019, was the culmination of The state postThe era of war. Militia leaders in the war became the political leadership and closed their doors on power since then. they ran and economy This is in times It flourished but was effective in a Ponzi scheme with Corruption and mismanagement.
The scheme eventually collapsed in What is the World Bank called? one of The world’s worst economic and financial crises since the mid-nineteenth century.
Al-Shamy said the country’s conditions “cannot be ignored.” bank Withdrawals cannot be open to everyone people.
“me wish We were in normal condition” added.
The Lebanese currency lost 90% of worth, erosion people’s ability to access basic Commodities, including food, water, healthcare and education, as they spread power interruption common due to lack of fuel.
Salaries also lost their purchases powerin dollars in Banks are no longer accessible, and prices have skyrocketed in A country where almost everything is imported. as much as 82% of The population Live now in Poverty, according to the United Nations. Unemployment is estimated at 40%.
was the crisis made Worse due to the coronavirus pandemic and the massive explosion in Beirut Port in Year 2020 killed 216 peopleand injured thousands and destroyed slash of Capital.
While the economy system Politics collapsed one did not. The same solid leadership in powerIt did almost nothing to remedy the crisis. Refusal basic fixes, they have made number progress in talks with International Monetary Fund.
