A lebanese policeman stands guard in front of the Finance Ministry in Beirut. (The Daily Star/Mohammad Azakir)
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Lebanon's gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018 compared to $79.95 billion in the same period of last year, according to a recent report.Lebanon has suffered from chronic public debt since the early 1990s, as governments borrowed from banks to finance the state's needs.Lebanese commercial banks hold 40 percent of the public debt as at end-June 2018, relative to 47 percent of the total at end-June 2017 .It added that holders of Eurobonds and special T-bills in foreign currencies accounted for 93.9 percent of foreign currency-denominated debt holders at the end of June 2018 .
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