BDL: Liabilities Re-Valuation Adjustment
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| Location Lebanon |
| Series ID 11308 |
| Reference LEB11308M022024 |
| Currency code LBP |
| Source Economena Analytics, Banque du Liban |
| Frequency Monthly |
| Unit Trillion |
| Aggregation End of Period |
| Note 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. This change impacted the value of the assets and liabilities in LBP which is reflected in the Valuation Adjustments account. Articles 75 and 115 of Code of Money and Credit. In addition to the valuation adjustment on Gold and Foreign Currency; this item includes a special account, called “Exchange Stabilization Fund” in accordance with Article 75 of Code of Money and Credit as per Central Council decision number 1/14/23. The increase in the Exchange Stabilization Fund reflects the decrease in Other Assets.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 Jan 2011 |
| End date Feb 2024 |
| Useful links www.bdl.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, BDL: Liabilities Re-Valuation Adjustment , retrieved from BRITE; https://brite.blominvestbank.com/series/BDL-Liabilities-Re-Valuation-Adjustment-11308/ |
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