For this reason .. Lebanon’s bonds have risen to the highest level

Yesterday, Monday, Lebanon’s international bonds increased by more than one cent, days after the formation of the new government, and the data showed that these bonds jumped up to 1.1 cents to offer for sale at about 18.3 cents across most of the deadlines, which is the highest level since March 2020, so what are the indications of that?

The economist and financial expert, Dr. Bilal Alama, through Lebanon 24, pointed out that the debt bonds had reached the lowest level in the history of Lebanon in the absence of plans to pay the debt, but today, and with the formation of the government and the most important mechanism for its formation, composition and program that spoke about reform based on the department’s speech to the President of the Republic General Joseph Aoun and the speech of Prime Minister Nawaf Salam, all of these factors led to a slight rise in bonds.

He added: In addition to this worker, the price of gold has increased insanely recently, and the price of the ounce reached more than 2900 dollars for the first time, and it is known that Lebanon has a store of gold that is the largest Arab after Saudi Arabia, meaning that it comes in the second place in the Arab world, and this matter gives more confidence because of its possession 288 tons of gold.

The economist asserts that all these factors enhance the confidence of creditors who have bonds and the demand becomes higher on the basis that Lebanon through the new government and its plan will be to re -pay the debt.
He pointed out that the bonds jumped one cents, and they are still at 18 cents against the dollar, and there is a possibility that they will rise more and may reach 20 or 25 cents.