Lebanon poised to declare whether it will pay forex debt

March 6, 2020 – Beirut, Lebanon, Asia, Middle East - Lebanon will announce on Saturday whether or not it will pay its foreign currency debts as the country grapples with a destabilising financial crisis. Senior sources close to two of the main parties that back the government, Amal and Hezbollah, are expecting the government to announce it will not pay. Barring a last-minute surprise, Lebanon is set to default.
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