BDL: Loans to the Public Sector
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| Location Lebanon |
| Series ID 3148 |
| Reference LEB3148D31072024 |
| Currency code LBP |
| Source Economena Analytics, Banque du Liban |
| Frequency Bi-weekly |
| Unit Trillion |
| Aggregation End of Period |
| Note Loans to the Public Sector include an overdraft. In accordance with articles 85 and 97 of the Code of Money and Credit and as of the end of 2007, BDL started to make payments on behalf of the Lebanese Government from its own foreign reserve assets against a cash collateral in Lebanese currency at the existing official exchange rate of LBP 1507.5/$1 in exchange for repayment of such amount at a later stage by the Lebanese Government in the same foreign currency. After the increase of USD/LBP exchange rate on February 1, 2023 from LBP 1,507.5 to LBP 15,000 to the dollar, the countervalue of the overdraft exceeded the value of the cash collateral in LBP, resulting in a net debit balance in favor of BDL, and thereby requiring the presentation of the balance of overdraft amounting to USD 16.518bn in Loans to the Public Sector on the “assets” side. Based on the Central Council's decision number 48/4/24 dated 02/15/2024, BDL relied on the USD/LBP Electronic Platform rate as of 02/29/2024 equivalent to LBP 89,500. |
| Start date 15 Jan 2011 |
| End date 31 Jul 2024 |
| Useful links www.bdl.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, BDL: Loans to the Public Sector, retrieved from BRITE; https://brite.blominvestbank.com/series/BDL-Loans-to-the-Public-Sector-3148/ |
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