Story perspectives

Lebanon Considers Selling Gold Reserves Amid Economic Crisis

2/24/2026

Summary

Story summary

Lebanon's economic crisis, ongoing since 2019, has led to discussions about selling its gold reserves, valued at around $45 billion.
The Central Bank possesses over 280 tons of gold, making it the largest reserve in the Middle East after Saudi Arabia.
Critics argue that selling gold would mainly benefit banks and wealthy depositors, providing little relief for ordinary citizens.
Parliamentary approval is necessary for any sale, and experts stress that public interest should guide the decision.
Lebanon is also seeking potential assistance from the International Monetary Fund (IMF) to stabilize its economy.

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Story summary

Lebanon's economic crisis, ongoing since 2019, has led to discussions about selling its gold reserves, valued at around $45 billion.
The Central Bank possesses over 280 tons of gold, making it the largest reserve in the Middle East after Saudi Arabia.
Critics argue that selling gold would mainly benefit banks and wealthy depositors, providing little relief for ordinary citizens.
Parliamentary approval is necessary for any sale, and experts stress that public interest should guide the decision.
Lebanon is also seeking potential assistance from the International Monetary Fund (IMF) to stabilize its economy.