Gold (in USD) - Monetary Survey - Financial - Lebanon

Gold (in USD)

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Gold (in USD)

Location
Lebanon

Series ID
3516

Reference
LEB3516M102024

Currency code
USD

Source
Economena Analytics, Banque du Liban

Frequency
Monthly

Unit
Billion

Aggregation
End of Period

Note
Starting January 2017, the compilation of the monetary aggregates and their counterparts is based on the consolidated balance sheets of depository corporations. 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. 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. 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.

Start date
Jan 2011

End date
Oct 2024

Useful links
www.bdl.gov.lb

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