Lebanon’s balance of payments registered a deficit of $1.32 billion in the first seven months of 2015 compared to a surplus of $131 million in the same period last year, according to figures by the Central Bank.
The balance of payments posted a surplus of $2.4 million in July 2015 compared to deficits of $794.3 million in June 2015 and of $84.7 million in July 2014 as reported by Lebanon This Week, the economic publication of Byblos Bank.
The cumulative deficit over the first seven months of 2015 was caused by a deficit of $3.18 billion in the net foreign assets of banks and financial institutions, and was partly offset by a surplus of $1.87 billion in those of the Central Bank.
