The Central Bank of Lebanon revealed that its foreign assets increased by $163.59 million during the first half of August 2019 to $37.25 billion from $37.08 billion at the end of July.
The BDL's budget showed a 5.56 percent increase ($733.73 million) in the value of its gold reserves, as gold prices evolved amid fears of a global recession.
On an annual basis, the value of BDL's external assets shrank by 14.95 percent ($6.55 billion) compared to its level of $43.79 billion at mid-August 2018.
The value of gold reserves at the Banque du Liban increased by 26.44 percent (US $2.91 billion) when compared to the level recorded in the same period last year, which amounted to $11.02 billion. Foreign assets and gold reserves together constitute about 59.95% of the total public debt and 66.75% of the net public debt, and it covers 109 months of debt service.
Source (Al Jumhuriyah Newspaper, Edited)
