The Lebanese financial sector’s net foreign assets contracted by $354.4 million in November 2022 in comparison with expansions of $192.8 million and $48.5 million in October and September respectively and contractions of $314.3 million and $207.7 million in August and July. November’s figure can be attributed to a $94.4 million drop in the net foreign assets of the Central Bank coupled with some $260.0 million decrease in the net foreign assets of banks & financial institutions. On a cumulative basis, moreover, the financial sector’s net foreign assets plunged by 3,214.3 million during the first eleven months of the year 2022 in comparison with some $1,976.0 million drop in the same period in 2021. This cumulative drop owes to a $3,038.8 million contraction in the net foreign assets of the Central Bank and was accompanied by some $172.5 million drop in the net foreign assets of banks & financial institutions.