Net Foreign Assets of Depository Corporations - Monetary Survey - Financial - Lebanon

Net Foreign Assets of Depository Corporations

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Net Foreign Assets of Depository Corporations

Location
Lebanon

Series ID
11280

Reference
LEB11280M062024

Currency code
LBP

Source
Economena Analytics, Banque du Liban

Frequency
Monthly

Unit
Trillion

Aggregation
End of Period

Note
Starting November 2017, the BDL Net Foreign Assets include the Lebanese government's sovereign bonds issued in foreign currencies. 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. 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 change in the BDL Net Foreign Assets during the current year includes the net flow of the internationally traded net Lebanese Government’s Sovereign Bonds in Foreign Currencies that were acquired by BDL through the same year only. The change in banks' net foreign assets in February 2023 is mainly explained by the decline in banks' LBP foreign liabilities when evaluated in US Dollars at the new official exchange rate of 15,000 LBP/USD. 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
Jun 2024

Useful links
www.bdl.gov.lb

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