Lebanon’s Balance of Payments Registered a $1.17B Deficit by August 2018

According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $1.17B by August 2018 compared to $647.1M deficit recorded during the same period in 2017. In details, the Net Foreign Assets (NFA) of BDL rose by $1.59B while those of commercial banks slipped by $2.76B by August 2018.

Moreover, the BoP recorded a monthly deficit of $408.1M in August 2018 alone, compared to  a surplus of $368.3M in August 2017.  In fact, the NFAs of BDL recorded a drop of $863.3M, while the commercial banks’ NFAs increased by $461.2M in August 2018.

Balance of Payments (BoP) by August (in Millions $)

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Source: BDL

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