Home » News » Bank of Lebanon Reports Decline in External Assets and Liabilities as Euro-Dollar Exchange Rate Impacts Fall

Bank of Lebanon Reports Decline in External Assets and Liabilities as Euro-Dollar Exchange Rate Impacts Fall

The Bank of Lebanon issued a statement of external assets and liabilities according to the closing of September 30, 2023, indicating that there was a decline in the external liquid assets of the Bank of Lebanon, which are equivalent to 8 billion and 414 million US dollars, and “this decline resulted mainly from the decline in the exchange rate of the euro against the dollar.” American, which closed on 9/30/2023 at 1.0611 after recording 1.0873 on 8/31/2023.”

He pointed out that “external liabilities increased slightly as a result of the receipt of some amounts from abroad.”

He stressed that the Bank of Lebanon is following “its policy of not paying any amounts from its external reserves for any purpose except within the framework of implementing the mechanisms of Circular 158.”

2023-10-04 08:44:54
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