According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a narrowing in its deficit from $1.42B by July 2016 to $1.02B by July 2017. BDL’s Net Foreign Assets (NFA) increased $1.22B, while those of commercial banks decreased by $2.24B by July 2017, compared to a rise of $128M in BDL’s NFA and a drop of $1.55B by July 2016 in commercial banks’ NFA.
As for the month of July alone, the BoP recorded a $100.2M surplus compared to a $352.6M surplus in July 2016.
Balance of Payments (BoP) by July (in Millions $)
Source: BDL