The Lebanese Central Bank’s balance sheet conveys some $260.45 million contraction in BDL’s foreign currency reserves during the first half of March 2023 to $9.45 billion, down from $9.71 billion a fortnight earlier.
Lebanon was considered an Electoral Autocracy by the Democracy Report 2023 with a score of 0.26 in the Liberal Democracy Index.
According to the World Bank’s latest Food Security Update report, Lebanon recorded the second highest nominal inflation rate in the world during the January 2022 – January 2023 period (139% annual change in food CPI), only preceded by Zimbabwe (264%).
