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Lebanon Gold Sale Mooted to End Financial Crisis

Lebanese officials are debating selling or leasing part of the country’s 280‑ton gold reserves, now worth roughly $45 billion after a 70 % price surge. The gold, the largest Middle‑East reserve after Saudi Arabia, could fund a financial‑gap law essential for an IMF rescue package. However, Lebanese law bans gold sales without parliamentary approval, and the proposal faces strong public opposition and concerns it would mainly aid banks and wealthy depositors. Experts warn the central bank may default without access to the reserves.