BDL’s Foreign Assets dropped by 6.96% to stand at $13.99B by mid-October 2023

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 42.89% compared to last year, to reach $105.52B by mid-October 2023, amid adopting the 15,000 LBP/USD official rate by BDL. The fall was mainly due to the 91.93% year-on-year (YOY) drop in other assets, grasping 6.785% of BDL’s total assets and reaching $7.15B by mid-October 2023. Furthermore, the gold account, representing 16.46% of BDL’s total assets, increased by 13.44% yearly to reach $17.37B by mid-October 2023.

Furthermore, BDL’s foreign assets, consisting of 13.26% of total assets dropped by 6.96% YOY and stood at $13.99B by mid-October 2023, noting that BDL holds in its foreign assets $5B in Lebanese Eurobonds.

On the liabilities front, financial sector deposits, representing 84.23% of BDL’s total liabilities, decreased by 16.89% and reached $88.88B by mid-October 2023 compared to last year, of which more than 90% are denominated in dollars. Lastly, currency in Circulation outside of BDL, consisting of 3.85% of BDL’s total liabilities, plunged by 91.22% annually to reach $4.06B by mid-October 2023 amid adopting the 15,000 LBP/USD official rate by BDL.

BDL Total, Foreign assets and Currency in Circulation by mid-October 2023 ($B):

BDL’s Foreign Assets dropped by 6.96% to stand at $13.99B by mid-October 2023

Source: BDL, Blominvest





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