According to Banque du Liban (BDL), Lebanon’s Balance of Payments (BoP) registered a deficit of $4.5B in Q3 2019, compared to a deficit of $1.3B deficit recorded during the same period in 2018. In details, BDL’s Net Foreign Assets (NFA) dropped by $1.2B while NFAs of commercial banks fell by $3.3B by Sept. 2019.
On a monthly basis, the BoP recorded a $58.5M deficit in September 2019, compared to a deficit of $146.1M in September last year. In fact, NFAs of BDL decreased by $160.1M, while those of commercial banks added $101.6M in September 2019.
Balance of Payments (BoP) in Q3 (in Millions $)
Source: BDL