Location | Lebanon |
Series ID | 3180 |
Reference | LEB3180M012024 |
Currency code | LBP |
Source | Banque du Liban |
Frequency | Monthly |
Unit | Trillion |
Aggregation | End of Period |
Note | Values starting January 2017 are according to IFRS 9 accounting standards. Effective February 1, 2023, Banque du Liban (BDL) announced a change of Lebanon's official exchange rate from 1,507.5 LBP / USD to 15,000 LBP / USD. Effective January 31st 2024, and in accordance with Circular No. 167, Banks and Financial Institutions are required to convert their Balance Sheets' Accounts in Foreign Currencies to Lebanese pounds at the Official Exchange Rate of 89,500 LBP per dollar when preparing their financial positions. |
Hint | This is the total value of commercial bank loans to businesses and individuals that reside inside Lebanon. This is also known as domestic private credit and is considered a main driver of economic activity because it measures the amount of financing that businesses are using to expand their operations, and the amount of financing that individuals are using for home loans, car loans, personal loans, and others. This excludes loans to Lebanese expatriates, foreigners residing outside the country, and loans to the government. |
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