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Finance
Lebanon finance minister: repaying depositors should not just be the state’s responsibility
BEIRUT, Oct 21 (Reuters) – Lebanon’s finance minister Youssef Khalil mentioned on Friday that the burden of repaying depositors whose funds have been frozen by the financial disaster mustn’t fall solely on the federal government.
Lebanon’s monetary system is estimated to have suffered from $72 billion in losses, however a restoration plan laying out how these funds could be recovered has but to be finalised.
“The state can’t finance no matter and nevertheless is requested of it, and the restoration of deposits mustn’t come solely from its personal pocket,” Khalil advised reporters.
Reporting by Maya Gebeily; Enhancing by Jon Boyle
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