Banque du Liban statement showed that the external liquidity of the Central Bank amounted to $8.573 billion at the end of July, in addition to the market value of the Eurobonds portfolio amounting to $387 million, excluding gold assets.
Acting Central Bank of Lebanon Governor Wassim Mansouri said - in a statement, Thursday, that there are external obligations on the Bank of Lebanon at a value of $1.270 billion, which must be paid upon maturity from external liquidity, stressing that the Bank of Lebanon doesn't spend from the reserve balance except to pay external obligations.
The statement indicated that the external obligations include:
$275 million in cash for public sector accounts in dollars
$8 million for the accounts of the banking sector in dollars
$125 million in SDR balance available for use
$96 million in credits opened by the Banque du Liban
$660 million in loans to Arab parties
$106 million in Arab deposits
Regarding liquid external assets, the statement indicated that they include:
$1.53 billion in cash in the central bank fund
$3.114 billion current accounts
$3.711 billion in time deposits
$218 million in international securities
According to Reuters calculations based on the bank's figures, the country's net foreign currency assets amount to $7.303 billion.
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