Lebanon’s Balance of Payments (BoP) recorded a deficit of $867.7M in the first 10 months of 2014, compared to a deficit of $1.47B in the same period last year. Net Foreign Assets (NFAs) of the Lebanese Central Bank (BdL) swelled by $4.68B by October, while that of commercial banks plunged by $5.54B.
Taking the month of October alone, Lebanon’s BoP revealed a deficit of $565.9M, compared to a surplus of $131.1M in September. NFAs of BdL broadened by $449.2M, subsequent to a fall of $44.1M the previous month. During the same month, NFAs of commercial banks narrowed by $1.02B, following a rise of $175.2 in September.