Source: Kataeb.org
Thursday 17 August 2023 12:48:17
Central Bank of Lebanon has announced that, based on the handover documents between the former governor and the acting governor, conducted on August 1, 2023, using the balances as of July 31, 2023, the acting governor has commenced an audit of the accounts through relevant departments in coordination with the internal audit department of the bank.
The audit includes the examination of external liquidity accounts to determine the available balances at Banque du Liban and the corresponding external obligations.
In a circular issued by the central bank, it was revealed that Banque du Liban holds external liquidity amounting to $8.573 million US dollars, along with the market value of Eurobonds portfolio totaling $387 million US dollars as of July 31, 2023. This value does not include the assets' value in gold.
This is juxtaposed with external liabilities of Banque du Liban amounting to $1.270 million US dollars, which is required to be repaid from external liquidity when due.