Net Foreign Assets of Depository Corporations
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| Location Lebanon |
| Series ID 11280 |
| Reference LEB11280M022025 |
| 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. 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 from January 2024. |
| Start date Jan 2011 |
| End date Feb 2025 |
| Useful links www.bdl.gov.lb |
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Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, Net Foreign Assets of Depository Corporations, retrieved from BRITE; https://brite.blominvestbank.com/series/Net-Foreign-Assets-of-Depository-Corporations-11280/ |
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