Balance of Payments Registered a Surplus of $554.7M by Q3 2016

Lebanon’s Balance of Payments (BoP) registered a $188.7M surplus in September 2016 and a $554.7M surplus during the first 9 months of the year, compared to a deficit of $1.77B by September 2015. As such, BDL’s Net Foreign Assets (NFA) recorded an increase of $3.94B by September and a drop of $3.39B in commercial banks’ NFAs.

In September alone, BDL’s NFAs witnessed a decrease by $146M and that of commercial banks inched up by $335M, from the prior month. This was due to the commercial banks’ selling some of their Eurobonds and offering new high-yielding products to attract foreign entities.

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

Balance of Payments Registered a Surplus of $554.7M by Q3 2016

Source: BDL

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