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Lebanon’s Chances of Avoiding Default Dim as Reserves Sink

  • Nation could run out of reserves by June, says Bank of America
  • Currency has weakened almost 30% on black market since August
Lebanon Engulfed by Anti-Government Protest
Photographer: Hasan Shaaban/Bloomberg
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Lebanon may have just repaid $1.5 billion of Eurobonds, but its chances of escaping a default still look grim.