Decoding Lebanon's Remaining Reserves: Beyond Dollars in the Central Bank's Vault

News Bulletin Reports
17-08-2023 | 10:22
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Decoding Lebanon's Remaining Reserves: Beyond Dollars in the Central Bank's Vault
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Decoding Lebanon's Remaining Reserves: Beyond Dollars in the Central Bank's Vault

Here's the unfiltered truth officially revealed by the ongoing audit led by the Acting Deputy Governor of the Lebanese Central Bank, Walid Mansouri:

As of July 31st, all the Lebanese Central Bank possesses in its dollar reserves amounts to $8.57 billion, excluding gold holdings. These reserves are divided as follows:

Cash in the vault: $1.5 billion

Central Bank's accounts in foreign banks: $6.8 billion
Investments in stocks, international bonds, and others: $218 million

In addition to this approximately $8.5 billion, we can add the value of the Eurobonds held by the Central Bank, which had decreased to $387 million after previously being valued at $5.2 billion before the state declared a halt to debt payments.
This is the entirety of the remaining dollar liquidity. But hold on!
Against this, the Lebanese Central Bank has payments and dollar commitments amounting to $1.27 billion, according to the audit, which includes:

Dollars for the public sector in open accounts totaling $275 million

Accounts for local banks: $8 million

Remaining SDR dollars: $125 million

Open credits for various expenses such as electricity, maintenance, and other state expenses: $96 million
Loans and deposits that the central bank must return to Arab entities: $766 million

Suppose we subtract these payments ($1.27 billion) from the total reserves ($8.57 billion + Eurobonds $387 million). In that case, the reserves are still around $7.6 billion net.

Mansouri confirmed his commitment not to spend from the remaining reserve balance except to fulfill obligations and to pay depositors participating in circular number 158, which allows depositors to withdraw $400 monthly.

Will he be able to maintain this decision? Or will spending continue until the last dollar... and, ultimately, the gold?

News Bulletin Reports

Lebanon

BDL

Central Bank

LBCI Next
2025 in Lebanon: LBCI reflects on a year of challenges, coverage, and coexistence
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:10

Israel’s elections: Who’s competing for power, and why the Arab vote matters

LBCI
News Bulletin Reports
12:58

War or elections? Israel's leadership divided over timing of Iran strike

LBCI
News Bulletin Reports
2026-10-20

How does Israel choose its prime minister, and can Netanyahu win the October 27 election?

LBCI
News Bulletin Reports
2026-10-20

Hegseth's secret meeting with Netanyahu in Israel fuels fears of renewed war with Iran

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Middle East News
10:49

Saudi commits to addition diesel supplies to France as long 'as necessary:’ AFP

LBCI
Lebanon News
06:18

President Aoun calls for negotiations to end war, secure Israeli withdrawal from Lebanese territory

LBCI
News Bulletin Reports
2026-08-17

Between war and the harvest: South Lebanon’s tobacco farmers hold on

LBCI
Middle East News
11:44

Sisi says Egypt to 'defend Saudi territory' and will not attack Yemen

Videos
d-none hideMe
LBCI
News Bulletin Reports
2026-10-15

Exclusive LBCI interview: UN official optimistic about UNIFIL’s future — video

LBCI
News Bulletin Reports
2026-10-09

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

LBCI
News Bulletin Reports
2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

LBCI
Lebanon News
2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

LBCI
Lebanon News
2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

LBCI
Lebanon News
2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

LBCI
Lebanon News
2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

LBCI
Lebanon News
2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

LBCI
Lebanon News
2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
06:18

President Aoun calls for negotiations to end war, secure Israeli withdrawal from Lebanese territory

LBCI
Lebanon News
08:13

Macron says France to hold conference for Lebanese army after Israeli polls

LBCI
Middle East News
08:24

France's Macron lands in Riyadh on surprise visit: AFP

LBCI
Lebanon News
04:37

70 displaced Syrians return home in 22nd phase of Lebanon's voluntary return plan

LBCI
Lebanon News
03:33

PM Salam: Women's rights key to building a strong state and reviving the economy

LBCI
Middle East News
07:35

Houthis target military base at airport in Yemen's Al Mukalla: AFP

LBCI
Middle East News
03:06

Iran prolongs talks in stalemate to influence US midterms, officials say

LBCI
World News
04:55

Argentina's Milei calls Spain PM Sanchez a 'dictator' in Madrid visit

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More