BDL’s Foreign Reserve Assets Stand at $11.44B after a $107.82M Decrease in the First Two Weeks of July 2026

According to Banque du Liban’s (BDL) balance sheet, the Central Bank’s total assets decreased by 1.03% Year-on-Year (YoY), reaching $93.20B by mid-July 2026.

Furthermore, the gold account, representing 39.86% of BDL’s total assets, increased by 19.81% yearly to reach $37.15B by mid-July 2026. Regarding foreign assets item, recently BDL amended it and replaced it by foreign reserve assets item to include only non-resident and liquid foreign assets. Thus, other resident and / or illiquid assets were transferred to securities portfolio or loans to local financial sector. In more details, Lebanese Government Eurobonds with a nominal value of $4.85B were transferred to securities portfolio; whereas $298.8M was transferred to loans to financial sector. As such, BDL foreign reserve assets, consisting of 12.28% of total assets (after transferring the Eurobonds to securities portfolio and the other resident and / or illiquid assets to loans to financial sector) fell by 0.26% YoY and stood at $11.44B by mid-July 2026. Additionally, foreign reserve assets decreased by $107.82M in the first two weeks of July 2026.

On the liabilities front, financial sector deposits, representing 86.43% of BDL’s total liabilities, decreased by 4.89% annually and reached $80.55B by mid-July 2026 compared to last year, of which more than 90% are denominated in dollars. Moreover, public sector deposits, representing 10.64% of BDL’s total liabilities, surged by 33.04% yearly and reached $9.91B by mid-July 2026. Lastly, currency in circulation outside of BDL, consisting of 0.69% of BDL’s total liabilities, fell by 24.27% annually to reach $645.6M by mid-July 2026.

BDL Total Assets, Foreign Reserve Assets and Currency in Circulation by Mid-July 2026 ($B):

 _{Source: BDL, BLOMINVEST}

N.B.: The foreign assets figures starting 2023 in the above graph are net of Lebanese Eurobonds.