(April 5, 2022)

A statement was made by the Deputy Prime Minister of the Lebanese government, Saadeh al-Shami, to announce the bankruptcy of the state and the Central Bank of Lebanon, and that the losses will be distributed among the state, the Banque du Liban, banks, and depositors within Lebanon.

According to statistics provided by the United Nations, 82 percent of the Lebanese population are now living below the poverty line.