Lebanon Registered a $1.77B Deficit on its Balance of Payments by September 2015

Lebanon’s Balance of payments (BoP) deficit reached $1.77B by September 2015, the biggest since 2012 and five times higher than the $301.8M deficit recorded a year earlier. The deterioration in the BoP is mainly linked to the decline in capital inflows and Foreign Direct Investment (FDIs) as a result of the ongoing domestic developments and the regional upheavals.

 In fact, Net Foreign Assets (NFA) of the Central Bank (BDL) grew by $1.16B by September 2015, while those of commercial banks fell by $2.93B, over the same period.

In September alone, Lebanon’s Balance of Payments (BoP) also recorded a deficit of $121.8M, for the 6th time this year. In details, Net Foreign Assets (NFA) of the Central Bank (BDL) contracted by $301.1M, while that of the commercial banks increased by $179.3M in September 2015. 

 

Balance of Payments Up to September (In $ M)

Lebanon Registered a $1.77B Deficit on its Balance of Payments by September 2015

Source: Banque du Liban

 

 

 

 

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