Lebanon’s Balance of Payments displayed considerable improvement by August 2014, as deficit tightened by $747.3M from the same period in 2013, to stand at $432.9M. Net Foreign Assets (NFA) of the Lebanese Central Bank (BdL) grew $4,271.5M by August 2014, while that of commercial banks plunged by $4,704.4M.
As for the month of August deficit reached $563.9M, up from the $84.7M deficit recorded in July 2014. This is attributed to the monthly $1,108M drop in NFAs of commercial banks, while those of BdL displayed a $544.9M increase.
Balance of Payments Up to August (in $M)