Lebanon faces race against time to avoid financial collapse

DW

A shortage of US dollars is forcing Lebanese authorities to work on new financial instruments and trade mechanisms to import wheat, medicine and fuel, triggering internal tensions and a confidence crisis. Ali Yaacoub, secretary general of the small El-Nahj party, says that Lebanon is acccumulating more and more debt each year, and that its dollar reserves are "basically over."


From: DW
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