Other Net Items
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| Location Lebanon |
| Series ID 3524 |
| Reference LEB3524M012025 |
| Currency code LBP |
| Source Economena Analytics, Banque du Liban |
| Frequency Monthly |
| Unit Trillion |
| 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. 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 negative value recorded in the ’Other Items, Net’ starting May 2023 is attributed to the reduction of approximately USD 4 billion in the ‘Unclassified Assets’ item of the BDL balance sheet. This reduction is due to a re-allocation of funds to the ‘Re-Valuation Adjustment (Articles 75 & 115 of C.M.C.) item 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. Revised series from January 2024. |
| Start date Jan 2011 |
| End date Jan 2025 |
| Useful links www.bdl.gov.lb |
| Tags |
Suggested citation. Use of data is subject to Terms & Conditions Banque du Liban, Other Net Items, retrieved from BRITE; https://brite.blominvestbank.com/series/Other-Net-Items-3524/ |
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