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Riad Salameh, Lebanon’s Central Bank Governor says Lebanon holds the second biggest gold reserves in the region, resulting in a positive impact on the country’s financial stability.

“Lebanon has the second largest gold reserves among countries in the Middle East and we consider this as a pillar of monetary stability in the absence of key natural resources and a safe haven in times of crises,” Salameh reportedly said during a meeting with students of various nationalities who came to Lebanon from Hatron University in the U.S.

Lebanon holds 300 tons of gold reserves while Saudi Arabia hols 322 tons

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