A financial source at Banque du Liban revealed that the bank's available cash reserves recently dropped to below $2 billion before large amounts of dollars were shipped in the past few weeks from correspondent banks to be deposited into its reserves.

This raised ready-to-use funds to $2.3 billion (i.e. 25% of total reserves).

The latest update of BDL's budget revealed a decrease in its mandatory reserve which is composed of foreign currencies.

It decreased from $36 billion in 2019 to $9.45 billion in 2023.

Independent Arabia Newspaper clarified that the reasons behind the continuous decline in BDL's reserves were the continuous interventions to control the dollar exchange rate and subsidize emergency imports.

The newspaper noted that BDL spends around $140 million monthly: $35 million to subsidize medicines, $35 million on the withdrawal of bank funds according to Circular No. 158 ($400 cash and $400 at a rate of 15,000 LBP), and $70 million for public sector salaries.