Central Bank governor Riad Salameh speaks during an interview with The Daily Star in Beirut, Wednesday, March 28, 2018. (The Daily Star/Mohammad Azakir)
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Lebanon plans to sell up to $2 billion of new Eurobonds part of a debt-swap aimed at reducing servicing costs, Central Bank Governor Riad Salameh announced during an interview with Bloomberg Monday.Salameh said it was imperative to focus on meeting a target of 5 percent deficit reduction in the next five years. Lebanon is burdened with a $79 billion public debt roughly equal to 150 percent of GDP. Salameh concluded the interview by underlining the fact that Lebanon is the second biggest holder of gold in the Middle East.
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