BDL: Liabilities Re-Valuation Adjustment
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  • BDL: Liabilities Re-Valuation Adjustment
    Location
    Lebanon
    Series ID
    11308
    Reference
    LEB11308M122023
    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 BdL Central Council Decision No. 48/4/24, dated 02/15/2024, the official exchange rate of 89,500 LBP per dollar has been adopted in the BdL Balance sheet starting January 31st 2024.
    Start date
    Jan 2011
    End date
    Dec 2023
    Useful links
    www.bdl.gov.lb
    Tags
    bdl
    liabilities
    re-valuation
    adjustment
    monthly
    banque du liban
    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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