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
Israeli army plans to reinforce border with Lebanon, prepares for withdrawal from Western sector
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:07

Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations

LBCI
News Bulletin Reports
13:00

Behind closed doors: Secret Syria-Israel contacts hint at peace push

LBCI
News Bulletin Reports
12:58

After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know

LBCI
News Bulletin Reports
12:55

South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-04-09

Facing calls to disarm, Hezbollah ready to discuss weapons if Israel withdraws: Senior official

LBCI
World News
2025-03-05

Magnitude 5.6 earthquake strikes Oaxaca in Mexico, GFZ says

LBCI
News Bulletin Reports
2025-04-29

Can Lebanon become a regional tech hub? A new law could pave the way

LBCI
Lebanon News
2025-03-09

Israeli army gunfire injures Lebanese civilian and soldier in South Lebanon's Kfarkila

Videos
d-none hideMe
LBCI
Lebanon News
2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

LBCI
Lebanon News
2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI
Lebanon News
2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI
Lebanon News
2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

LBCI
Middle East News
2025-03-19

Israeli official urges international support for Lebanese government and army

LBCI
Lebanon News
2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

LBCI
Lebanon News
2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

LBCI
Lebanon News
2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

LBCI
Lebanon News
2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

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