Lebanon Businessnews News

Central Bank’s foreign assets
down $800 million in November
Decline partly due to debt service payments
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Assets in foreign currencies at the Central Bank (BDL) reached $37.1 billion at mid-November 2019, down 2.1 percent ($800 million) from the end of October 2019, and down $2.6 billion from the end of 2018.

Foreign currency assets include $3.5 billion in Eurobonds.

The decline is partly due to BDL’s payment this year of more than $3.2 billion to cover debt service obligations by the government.

Foreign assets - BDL
Jan -395
Feb -391
March -320
April -590
May -1,400
Jun -203
July 691
Aug 1,600
Sept -164
Oct -583
Nov (2wks) -800
Total (2,555)

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Date Posted: Nov 26, 2019