BDL: Other Assets
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  • BDL: Other Assets
    Location
    Lebanon
    Series ID
    3151
    Reference
    LEB3151D29022024
    Currency code
    LBP
    Source
    Economena Analytics, Banque du Liban
    Frequency
    Bi-weekly
    Unit
    Trillion
    Aggregation
    End of Period
    Note
    Includes open market operations and seigniorage. Effective February 1, 2023, Banque du Liban (BDL) announced a change of Lebanon's official exchange rate from 1,507.5 LBP / USD to 15,000 LBP / USD. The increase in the Exchange Stabilization Fund, a special account which is included in the Re-Valuation Adjustment item in accordance with Article 75 of Code of Money and Credit as per Central Council decision number 1/14/23, reflects the decrease in Other Assets as at 5/31/2023. Articles 75 and 115 of Code of Money and Credit. Based on Central Council decisions 9/21/7 dated 10/15/2009, 44/7/15 dated 3/18/2015, 47/12/18 dated 4/11/2018, 20/27/1 dated 12/23/2020 and their amendments and supported by BdL's Legal department opinion 5205/11 dated 12/29/2006; Other Assets and Assets from Exchange Operations include deferred interest costs amounting to a total of LBP 120.31 Trillion. Based on Central Council decision number 23/36/45 dated 20/12/2023, all previous Central Council decisions related to Seigniorage were suspended and all deferred interest costs emanating from open-market operations are to be presented under a new line item. As a result, all deferred interest costs included in Other Assets and Assets from Exchange Operations amounting to LBP120.14 Trillion as at 15/01/2024 are transferred to "Deferred Open-Market Operations". 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
    29 Feb 2024
    Useful links
    www.bdl.gov.lb
    Tags
    bdl
    other
    assets
    daily
    banque du liban
    Suggested citation. Use of data is subject to Terms & Conditions
    Banque du Liban, BDL: Other Assets, retrieved from BRITE;
    https://brite.blominvestbank.com/series/BDL-Other-Assets-3151/
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