The Assets of the Central Bank of Lebanon Rose by 2.4%

  • Beirut, Lebanon
  • 15 April 2021
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The budget of the Central Bank of Lebanon showed that its total assets reached $152.2 billion on March 31, 2021, which means an increase of 2.4 percent compared to $148.6 billion at the end of 2020, and by 4.1 percent from $146.3 billion at the end of 2020 registered by the end of March 2020.

The foreign currency assets amounted to 22.2 billion dollars at the end of March 2021, which means a decrease of 1.9 billion dollars, or 8 percent, from 24.1 billion dollars at the end of 2020, and a decline of 13.1 billion dollars, or 37.1 percent of 35.2 billion dollars at the end of March 2020. The assets in foreign currencies include Lebanese Euro bonds worth 5.03 billion dollars, without any change from the end of March 2020.

The value of gold reserves in the Central Bank of Lebanon reached 15.5 billion dollars at the end of March 2021, which represents a decrease of 10.3 percent in the first quarter of 2021, and an increase of 4.9 percent from 14.8 billion dollars at the end of March 2020. While the value of gold reserves reached a peak at the end of September 2020, approximately $18.1 billion. The total financial portfolio at the Lebanese Central Bank reached 40.8 billion dollars at the end of March 2021, an increase of 1.9 percent from 40 billion dollars at the end of 2020, and 6.3 percent from 38.4 billion dollars at the end of March 2020.

Source (Economic Bulletin Website, Edited)