The Lebanese Central Bank's budget showed a decline in foreign currency assets accounting at $ 604.57 million during the second half of November to $ 40.88 billion from $ 41.48 billion.
On the other hand, Lebanon's reserves of gold rose by 114.36 million dollars to 11.28 billion dollars as a result of the improvement in gold prices under pressure on the dollar after the statement issued by the Governor of the Federal Reserve Jerome Powell, which increased expectations of the imminent arrival of a series of decisions to raise the interest rate to an end.
On a year-on-year basis, Lebanon's foreign currency reserve value fell 2.43 percent, or $ 1.02 billion compared to the one of November 2017. Gold reserves fell 5.5 percent or $ 660 million, Foreign currency) from $ 1.68 billion to $ 52.16 billion at the end of last month.
Source (Al-Hayat Newspaper, Edited)
