Lebanon’s Balance of Payments registered a $2B deficit in Q1 2019

According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $2B by March 2019 as compared to the $198.2M deficit recorded during the same period in 2018. In details, the Net Foreign Assets (NFA) of BDL and commercial banks slipped by $1.10B and $899M, respectively in Q1 2019.

Moreover, the BoP recorded a monthly deficit of $75.1M in March 2019 alone, down from $550.1M in the previous month.  In fact, the NFAs of BDL displayed a monthly downturn of $319.7M, while the commercial banks’ NFAs rose by $244.6M in March 2019.

Balance of Payments (BoP) up to March (in $M)

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Source: BDL

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