Lebanon’s Balance of Payments Recorded a $1.31B Deficit by September 2018

According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $1.31B by September 2018 compared to $189.9M deficit recorded during the same period in 2017. In details, the Net Foreign Assets (NFA) of BDL rose by $1.57B while those of commercial banks slipped by $2.88B by September 2018.

Moreover, the BoP recorded a monthly deficit of $146.1M in September 2018 alone, compared to a surplus of $457.2M in September 2017.  In fact, the NFAs of BDL and commercial banks’ dropped by $26.6M and $119.5M respectively, in September 2018.

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

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Source: BDL

 

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