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ECONOMIC INSIGHTS
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BEIRUT RANKS 244 TH IN THE WORLD IN THE 2022 QUALITY OF LIFE INDEX

Beirut ranked 244th among 255 cities in the world and last among covered Arab cities in Numbeo’s 2022 Quality of Life Index, with a score of 76.43

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BDL’S FOREIGN CURRENCY RESERVES REACH $12.68 BILLION AS AT MID-JANUARY 2022

The Lebanese Central Bank’s balance sheet conveys some $115.31 million contraction in its foreign currency reserves during the first half of January 2022 to $12.68 billion, down from $12.80 billion a fortnight earlier.

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BEIRUT RANKS 7TH GLOBALLY AND 1ST REGIONALLY IN NUMBEO’S 2022 COST OF LIVING INDEX

Beirut was the most expensive Arab city on the 2022 Numbeo list with a Cost of Living Index value of 120.47, ranking 7th globally.

LEBANON’S ECONOMIC GROWTH ESTIMATED AT -16.2% IN 2021 AS PER THE UNITED NATIONS

The United Nation’s report estimated the Lebanese economy to have contracted by 16.2% in 2021 compared to larger contraction of 37.1% in 2020.

BDL ANNOUNCES NEW MEASURES RELATED TO CIRCULAR NUMBER 161

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FINANCIAL SECTOR’S UTILIZED CREDITS REACH $38.71 BILLION BY JUNE 2021

The financial sector’s utilized credits fell by 20.61% y-o-y to nearly $38.71 billion in the first half of 2021, down from $48.76 billion a year earlier.

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