BDL: Loans to the Public Sector
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30d
60d
YTD
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Location
Lebanon |
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Series ID
3148 |
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Reference
LEB3148D15062026 |
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Currency code
LBP |
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Source
Economena Analytics, Banque du Liban |
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Frequency
Bi-weekly |
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Unit
Trillion |
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Aggregation
End of Period |
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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. The balance sheet figures as at 10/15/2024 are restated. |
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Start date
15 Jan 2011 |
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End date
15 Jun 2026 |
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Useful links
www.bdl.gov.lb |
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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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