The Lebanese Government signed on September 2, 2020 three contracts with international firms to audit the Central Bank of Lebanon. In details, the US-based firm “Alvarez & Marsal” (A&M) will be performing a forensic audit, KPMG (based in the Netherlands) & Oliver Wyman (management consulting firm) to conduct the financial and accounting audit. More particularly, A&M will be in charge of auditing the financial engineering operations conducted by the Central Bank during the last five years, examining the composition of BDL’s foreign currency reserves and liabilities, studying how BDL’s assets and liabilities have accumulated over time, validating that the funds relating to financial transactions that occurred at BDL during the last five years were used as intended, among others. A&M will be charging the Lebanese Government $2.1 million over a ten-week period by the end of which it will submit a first draft of the audit report.