Economic Digest

Short analyses about Lebanon’s latest economic indicators, updated on a monthly basis

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BDL’s Sayrafa restricted to public sector employees in February

According to the balance sheet of Banque du Liban (BDL), the central bank’s total assets fell by 37.49% compared to last year, to reach $101.89B by end of February 2023, amid adopting the 15,000 LBP/USD ... read more

Lebanese Car Market improved by 113.53% YOY by January 2023, however remains way below pre-crisis level

According to the data revealed by “Rasamny Younis Motor sal”, Lebanese car market witnessed a significant uptick of 113.53% annually in the beginning of 2023. In fact, on a monthly basis, 647 cars were ... read more

Lebanese Sayrafa Volume and Lebanese Market Exchange Rate: An Empirical Note

In the Economic Digest published in this Blog on February 23, 2023, titled “Preliminary Observations on Lebanese Monetary Aggregates and Monetary Policy during the Crisis”, we mentioned that the Sayrafa ... read more

Lebanon’s Inflation reached 123.53% YOY by January 2023: is inflation expected to rise exponentially soon?

According to the Central Administration of Statistics (CAS), the Consumer Price Index (CPI), representing the evolution of goods and services’ prices consumed by households, revealed that Lebanon’s ... read more

Total Value of Cleared Checks Up by 104.28% to stand at $5.38B by January 2023

According to the data published by the Association of Lebanese Banks’ (ABL), the total number of cleared checks in the Lebanese financial system slumped from 173,378 checks by January 2022 to 68,843 checks ... read more

Preliminary Observations on Lebanese Monetary Aggregates and Monetary Policy during the Crisis

Source: BDL; CAS; and Blominvest Bank We start with clarifying the variables in the tables above. CC is currency in circulation; M2 is CC plus LBP deposits; M3 is M2 plus USD deposits; and all in trillion ... read more

Beirut’s Hotel Occupancy Rate reached 48.7% by December 2022

According to Ernst & Young Middle East hotel benchmark survey, the occupancy rate in Beirut’s 4- and 5-star hotels reached 48.7% percentage points (pp) by December 2022, up from last year’s percentage ... read more

Transfers to EDL Dropped by an annual 34.9% to $527.26M by November 2021

According to the Ministry of Finance, transfers to Electricite du Liban (EDL) stood at $527.26M by November 2021, dropping by 34.9% compared to the same period last year. This was mainly a result of lower ... read more

Gross Public Debt Up Yearly by 2.1% to reach $101.95B in October 2022

The data released by the Ministry of Finance (MoF) recently indicated that Lebanon’s gross public debt hit $101.95B in October 2022, thereby recording an annual increase of 2.1% YOY. The rise is mainly ... read more

Aline Azzi
Economic Digest
February 20, 2023

BDL’s Currency in Ciruclation dropped by 82.10% YOY by mid- February 2023 Once Calculated at 15,000 LBP/USD

Banque du Liban (BDL) disclosed its biweekly interim balance sheet on February 15, 2023, painting the shift from the old official rate of 1,507.5 LBP/USD to the new official rate of 15,000 LBP/USD. Two ... read more

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