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)
B deficit in Q1 2019" width="750" height="450" srcset="https://blog.blominvestbank.com/wp-content/uploads/2019/05/bop.png 750w, https://blog.blominvestbank.com/wp-content/uploads/2019/05/bop-300x180.png 300w, https://blog.blominvestbank.com/wp-content/uploads/2019/05/bop-150x90.png 150w" sizes="(max-width: 750px) 100vw, 750px" />