The Lebanese Central Bank issued a notice on October 13, 2020 stating that it delivered all documents allowed within the scope of the binding Lebanese regulations to begin the forensic audit under the provisions of the agreement signed between the Ministry of Finance and Alvarez & Marsal (“A&M”). It is worth noting in this respect that the Lebanese government signed on September 2, 2020 a contract with the US-based firm A&M to perform a forensic 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. In addition, the government signed two additional contracts with international firms, namely KPMG (based in the Netherlands) & Oliver Wyman (management consulting firm) to conduct the financial and accounting audit on BDL.