Balance of Payments
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| Location Lebanon |
| Series ID 2535 |
| Reference LEB2535M112024 |
| Currency code USD |
| Source Economena Analytics, Banque du Liban |
| Frequency Monthly |
| Unit Billion |
| Aggregation Period Sum |
| Note Net of valuation changes. Starting November 2017, the BDL foreign assets include the Lebanese government's sovereign bonds issued in foreign currencies. The change in the BDL net foreign assets during the current year includes the net flow of the internationally traded Lebanese government’s sovereign bonds in foreign currencies that were acquired by BDL through the same year only. A non-resident private sector deposit, which occurred in August 2019, has been reclassified from "special long-term liabilities" to "foreign liabilities" in the BDL Balance Sheet. Starting July 2020, part of the GCC governments’ long-term deposits, placed in 1998 and currently amount to circa $500 million, were reclassified as Foreign Liabilities to reflect the change in nature of these deposits to sight accounts. 1- As per the IMF recommendation to align with the International Norms, with IMF references: a- the "Sixth Edition of the Balance of Payments and International Investment Position Manual: (BPM6, paragraph 6.64) b- the "Monetary & Financial Statistics Manual & Compilation Guide" (MFSM-2016 paragraph 4.16 & footnote 2 page 55) and; 2- According to the BdL Central Council's Decision Number 37/20/24 dated 13/9/24, and starting January 2024, the BdL Foreign Assets include the Monetary Gold (the Law No 42/86, dated September 24th 1986, prohibits the sale of the BdL Gold Assets; except through a legislative text promulgated by the Parliament), the Non-Resident foreign securities held by BdL, and the Foreign Currencies & Deposits with Correspondent Banks & International Organizations; while excluding the Lebanese Government's Sovereign Bonds and the BdL Loans in FX to Resident Banks and Financial Institutions. Revised Series. The significant increase in the change of BdL NFA during 2024 is mainly explained by the increase in the value of the Monetary Gold. Based on the Central Council's decision number 48/4/24 dated 15/02/2024, The BdL Electronic Platform Exchange Rate of 89,500 LBP per dollar has been adopted in the Monetary Statistics report starting Jan 31st 2024. |
| Description A statement that summarizes an economy’s transactions with the rest of the world for a specified time period. The balance of payments encompasses all transactions between a country’s residents and its nonresidents involving goods, services and income; financial claims on and liabilities to the rest of the world; and transfers. |
| Start date Jan 2011 |
| End date Nov 2024 |
| Useful links www.bdl.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, Balance of Payments, retrieved from BRITE; https://brite.blominvestbank.com/series/Balance-of-Payments-2535/ |
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