According to the Central Bank of Lebanon, Lebanon’s Balance of Payments (BoP) witnessed a deficit of $5.32B by July 2019 compared to $757.2M deficit recorded during the same period in 2018. In details, the Net Foreign Assets (NFA) of BDL and commercial banks dropped by $2.59B and $2.73B by July 2019.
Worth mentioning that the BoP recorded a monthly surplus of $72.5M in July 2019 alone, compared to a deficit of $548.9M in July 2018. In fact, the NFAs of BDL recorded an increase of $691.1M, while the commercial banks’ NFAs declined by $618.6M in July 2019.
Balance of Payments (BoP) by July (in Millions $)