Banque du Liban announced the completion of an audit to its gold reserves

Banque du Liban announced the completion of an audit to its gold reserves

| Friday 25 November 2022

L'Orient Today

Banque du Liban announced the completion of an audit to its gold reserves, reportedly confirming the central bank’s previous estimates of the gold quantities. BDL contracted an unspecified “specialized” international company to complete the audit, which was among the measures and reforms requested by the International Monetary Fund in order to unlock a multi-billion dollar aid package. Byblos Bank’s latest Lebanon This Week report, issued Tuesday, estimated as of mid-November the central bank’s gold reserves at a total of $16.4 billion, or 286 tons.

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