[Lebanon Considers Selling Gold Reserves to Save Banks and Economy] BlockBeats News, February 23, according to a report by the Financial Times, Lebanese bankers and politicians are considering selling or leasing part of the central bank's massive gold reserves as a way to rescue the country's economy. The value of these gold reserves has risen significantly with the surge in gold prices. The Lebanese central bank holds over 280 tons of gold, second only to Saudi Arabia in the Middle East, which is remarkable for a country with a relatively small land area. The bank began accumulating gold reserves in the 1940s and 1950s to support the value of the Lebanese currency. Since 2019, Lebanon has been plagued by an economic collapse, but parties have failed to reach a consensus on a solution. However, the sale of the nation's accumulated gold reserves has faced strong opposition from the public, who believe it is a short-sighted measure that sacrifices the interests of the majority for the benefit of a few.