International Reserves in Lebanon
Lebanon - International ReservesLebanon remains in the grip of elevated social instability, with anti-establishment protests continuing over the last month. Moreover, the country remains without a government, after Saad Al-Hariri resigned as prime minister at the end of October, reducing the likelihood of the swift passage of the 2020 budget and the implementation of recently announced economic reforms—key to reining in the gaping budget deficit. The ensuing political and economic paralysis has seen investor confidence wither, bond yields spike, and concern rise over the sustainability of the dollar peg and a possible debt restructuring. Economic activity is likely being severely hampered as a result, and both S&P and Moody’s downgraded Lebanese credit ratings deeper into junk territory in November.
Lebanon - International Reserves Data
|International Reserves (USD)||36.7||39.5||38.8||43.3||43.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1,513||0.0 %||Nov 21|
|Stock Market||758||0.37 %||Nov 21|
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