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The value of gold reserves held by the Central Bank (BDL) has surged to surpoass $30 billion, following a global spike in gold prices that reached $3,300 per ounce as of this writing.
Lebanon’s 286.83 tons of gold—equivalent to 9.18 million ounces—were valued at $13.7 billion in October 2019, when the country’s economic and financial crisis began and gold traded at an average of $1,500 per ounce. By the end of 2024, the reserves were valued at $24 billion.
This sharp increase has pushed BDL’s total foreign currency reserve assets...more |
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PRESS COVERAGE |
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