News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
23
o
Bekaa
22
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
23
o
North
24
o
South
23
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Live Coverage
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
23
o
Bekaa
22
o
Keserwan
23
o
Metn
23
o
Mount Lebanon
23
o
North
24
o
South
23
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Circular 158's impact: Foreign asset decline revealed by BDL
Press Highlights
2023-09-01 | 00:56
High views
Share
Share
3
min
Circular 158's impact: Foreign asset decline revealed by BDL
On Thursday, the Banque du Liban (BDL) revealed that its external liquid assets in foreign currencies amounted to $8.54 billion US dollars. This indicates a decline between July and mid-August 2023.
The decrease in liquid assets was attributed to the depreciation of the Euro against the US dollar during the same period and the payment of accrued interest on Arab deposits, along with the costs of Circular 158.
This article is originally published in, translated from Lebanese newspaper Nidaa al-Watan.
According to the Bloomberg platform, the statement also highlighted that the market value of the "Eurobonds" portfolio in the bank's possession increased from $387 million to $421.8 million US dollars during this period.
In contrast, external liabilities in dollars amounted to $1.3 billion, resulting in a net amount (assets minus liabilities) of $7.2 billion. This is a notable decrease from the over $9 billion mentioned by Riad Salameh before his departure.
For the second time since this regular disclosure began after Riad Salameh departed from governance, the value of the banks' certificates of deposit at the central bank, estimated to be over $86 billion, is not appearing. The banks claim that this substantial amount belongs to depositors and is being utilized by the BDL.
Salameh responded to the banks' association last year, affirming that these certificates are denominated in Lebanese lira and repeatedly indicating that the BDL has reimbursed the banks with those billions and more.
Therefore, the BDL is not concerned with dollar deposits.
Consequently, depositors' associations question whether the acting BDL governor, Wassim Mansouri, will adopt a similar theory to Salameh's regarding bank deposit certificates, which fundamentally represent people's deposits.
Mansouri reiterated his commitment in Thursday's statement "not to touch the external reserves of the central bank except to settle obligations due to the BDL (refer to the table) and to pay the required amounts as per Circular 158."
Sources within depositors' associations emphasized that "the reference to Circular 158 is a minor and timid acknowledgment of the bank's deposits." In his recent press conference, Mansouri stated that he "has no answer to the question of deposits in general!"
Lebanon News
Lebanon Economy
Press Highlights
Circular 158
Impact
Foreign
Asset
Decline
BDL
Next
Nabih Berri's presidential proposal about open sessions sparks debate and speculation among parties
Central Bank of Lebanon's Deliberations on State's Foreign Currency Needs: Challenges and Priorities
Previous
Related Articles
d-none hideMe
0
World News
10:58
Georgia adopts 'foreign influence' law despite protests
World News
10:58
Georgia adopts 'foreign influence' law despite protests
0
Israel-Gaza War Updates
09:15
UK Foreign Secretary: Attacks on Gaza-bound aid convoys are 'appalling'
Israel-Gaza War Updates
09:15
UK Foreign Secretary: Attacks on Gaza-bound aid convoys are 'appalling'
0
Lebanon News
2024-05-09
Lebanon's Foreign Minister seeks Qatar's help in evacuating stranded Lebanese families
Lebanon News
2024-05-09
Lebanon's Foreign Minister seeks Qatar's help in evacuating stranded Lebanese families
0
Israel-Gaza War Updates
2024-05-08
Russian Foreign Ministry: We still don't see prospects for a resolution in Gaza
Israel-Gaza War Updates
2024-05-08
Russian Foreign Ministry: We still don't see prospects for a resolution in Gaza
Recommended For You
d-none hideMe
0
Press Highlights
2024-03-26
From the inside: Hezbollah's take on southern Lebanon's renewed tensions
Press Highlights
2024-03-26
From the inside: Hezbollah's take on southern Lebanon's renewed tensions
0
Press Highlights
2024-03-25
Exploring Lebanon's presidential path: Three key initiatives unveiled
Press Highlights
2024-03-25
Exploring Lebanon's presidential path: Three key initiatives unveiled
0
Press Highlights
2024-03-25
Ahmad Rustom highlights progress and challenges in national dialogue initiative
Press Highlights
2024-03-25
Ahmad Rustom highlights progress and challenges in national dialogue initiative
0
Press Highlights
2024-03-25
Lebanese Presidential elections postponed until after Eid al-Fitr
Press Highlights
2024-03-25
Lebanese Presidential elections postponed until after Eid al-Fitr
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
2024-02-02
US issues new Iran-related sanctions for cyber, arms activity
World News
2024-02-02
US issues new Iran-related sanctions for cyber, arms activity
0
World News
00:15
Pro-Palestinian students end encampment at Harvard but vow continued protest
World News
00:15
Pro-Palestinian students end encampment at Harvard but vow continued protest
0
Israel-Gaza War Updates
2024-03-13
US pause on funding UNRWA may become permanent
Israel-Gaza War Updates
2024-03-13
US pause on funding UNRWA may become permanent
0
Lebanon News
15:36
Breaking: Israeli drone strike targets vehicle in Tyre: NNA
Lebanon News
15:36
Breaking: Israeli drone strike targets vehicle in Tyre: NNA
Videos
d-none hideMe
0
Lebanon News
13:35
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
13:35
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
0
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
Lebanon News
2024-04-30
University Students Organize Solidarity Protest for Palestine (VIDEO)
0
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
Lebanon News
2023-12-11
Breaking: Israel launches raid north of Litani on Monday (Video)
0
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
Lebanon News
2023-11-02
Exclusive to LBCI: U.S. State Department's Wooster Stresses Lebanon Must Avoid War, Sees Renewed Push for Two-State Solution
0
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
Lebanon News
2023-10-18
Protests Erupt near US Embassy in Awkar Against Israeli Attacks on Al-Maamadani Hospital in Gaza
0
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
Lebanon News
2023-10-05
ATFL's Ambassador Edward Gabriel on Navigating Through Economic, Political, and Refugee Crises
0
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
Sports News
2023-08-31
Amir Saoud Powers Lebanon to Victory Over Cote d'Ivoire: A Deep Dive Into The Numbers
0
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
Sports News
2023-08-29
France Edges Past Lebanon in a Nail-Biter at FIBA World Cup 2023: A Statistical Deep Dive
0
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Lebanon News
2019-02-28
Pierre el-Daher, the man who defeated the Lebanese Forces
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
05:13
Young man's body recovered by Civil Defense Marine Rescue Unit after drowning on Sunday
Lebanon News
05:13
Young man's body recovered by Civil Defense Marine Rescue Unit after drowning on Sunday
2
Lebanon News
16:59
Two killed by Israeli strike in South Lebanon's Tyre
Lebanon News
16:59
Two killed by Israeli strike in South Lebanon's Tyre
3
Lebanon News
00:29
Hezbollah field commander killed in Israeli drone strike in southern Lebanon: AFP source
Lebanon News
00:29
Hezbollah field commander killed in Israeli drone strike in southern Lebanon: AFP source
4
Lebanon News
13:35
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
Lebanon News
13:35
Exclusive LBCI interview: Canadian FM urges ceasefire and Resolution 1701 adherence in Lebanon talks, discusses Canadian support for LAF, UNIFIL
5
Lebanon News
15:36
Breaking: Israeli drone strike targets vehicle in Tyre: NNA
Lebanon News
15:36
Breaking: Israeli drone strike targets vehicle in Tyre: NNA
6
Israel-Gaza War Updates
05:54
UNRWA: 450,000 people displaced from Rafah since May 6
Israel-Gaza War Updates
05:54
UNRWA: 450,000 people displaced from Rafah since May 6
7
News Bulletin Reports
12:36
Counting the costs: Lebanon sees first Syrian refugee return convoy
News Bulletin Reports
12:36
Counting the costs: Lebanon sees first Syrian refugee return convoy
8
News Bulletin Reports
13:12
Lebanese filmmaker Nadine Labaki: A journey from "Caramel" to Cannes jury
News Bulletin Reports
13:12
Lebanese filmmaker Nadine Labaki: A journey from "Caramel" to Cannes jury
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More