Public Debt

[>Watani<]

Public debt:

At the end May 2006:
Total gross public debt reached LBP 58.436 billion (equivalent to USD 38.8 billion) compared to LBP 58149 billion at the end of April and LBP 58031 billion at the end of December 2005. The shares of the local and foreign currency debt of the total were 48.7% and 51.3% respectively.

Monetary Situation:

At the end May 2006:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 77.389 billion, increasing by 0.9% in one month and 3.9% over five months.
At the end of May 2006, the dollarization rate of the broad money supply remained unchanged and stood to 66.6% (67.1% end of December 2005).

Source: Association of Banks in Lebanon

[>Watani<]

Public Debt:


At the end June 2006:
Total gross public debt reached LBP 58.524 billion (equivalent to USD 38.3 billion) compared to LBP 58458 billion at the end of May and LBP 58018 billion at the end of December 2005. The shares of the local and foreign currency debt of the total were 48.8% and 51.2% respectively.

Monetary Situation:
At the end August 2006:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 75.540 billion, increasing by 1.5% in one month and 5.5% over six months.
At the end June 2006, the dollarization rate of the broad money supply remained unchanged and stood to 66.6% (67.1% end of December 2005).

[>Watani<]

Public debt:

At the end August 2006:
Total gross public debt reached LBP 59356 billion (equivalent to USD 39.4 billion) compared to LBP 58435 billion at the end of August and LBP 58018 billion at the end of December 2005. The shares of the local and foreign currency debt of the total were 48.1% and 51.9% respectively.

Monetary Situation:

At the end August 2006:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 76.196 billion, increasing by 1.1% in one month and 2.4% over eight months.
At the end August 2006, The dollarization rate of the broad money supply rose to 69.4% up from 68.96 end of July 2006 (67.1% end of December 2005).

[>Watani<]

Public Debt:

At the end September 2006:
Total gross public debt reached LBP 60.347 billion (equivalent to USD 40 billion) compared to LBP 59.340 billion at the end of August and LBP 57.985 billion at the end of December 2005. The shares of the local and foreign currency debt of the total were 49% and 51% respectively.

Monetary Situation

At the end September 2006:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 77.275 billion, increasing by 1.4% in one month and 3.8% over nine months.
The dollarization rate of the broad money supply reached 68.96% compared to 69.44% end of August 2006 (67.1% end of December 2005).

[>Watani<]

Public Debt:

At the end October 2006:
Total gross public debt reached LBP 61.304 billion (equivalent to USD 40.7 billion) compared to LBP 60.349 billion at the end of September and LBP 57.985 billion at the end of December 2005. The shares of the local and foreign currency debt of the total were 50.3% and 49.7% respectively.

Monetary Situation

At the end October 2006:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 78.893 billion, increasing by 2.1% in one month and 6% over ten months.
The dollarization rate of the broad money supply reached 68.8% compared to 68.96% end of September 2006 (67.1% end of December 2005).

[>Watani<]

Public Debt:

At the end December 2006:
At the end of December 2006, total gross public debt reached LBP 60.880 billion (equivalent to USD 40.4 billion) compared to LBP 57.985 billion at the end of December 2005. The net public debt amounted to LBP 56436 billion, increasing by LBP 4.401 billion (7.7 percent) from end 2005.

Monetary Situation

At the end December 2006:
At the end of December 2006, the total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 80.244 billion, increasing by 0.9 percent in one month and 7.8 percent from end December 2005.

The dollarization rate of the broad money supply rose to 70.74 percent, up from 67.14 percent at end of December 2005.

A decrease in the amount of valuation adjustment of gold and foreign currencies by LBP 1.733 billion.

In December 2006, the Central Bank of Lebanon maintained its foreign exchange intervention rates at LBP 1.501 per one USD for bid and LBP 1.514 per one USD for ask. Central Bank intervention was in favor of selling the dollar at LBP 1.514 in all working days.

At the end of December 2006, the gross foreign currency reserves held at the Central Bank amounted to USD 10.207 million compared to USD 9.845 million at the end of December 2005.

[>Watani<]

Public Debt:

At the end of January 2007:

Total gross public debt reached LBP 61.312 billion (equivalent to USD 40.7 billion) compared to LBP 61.002 billion at the end of December 2006. The shares of the local debt and foreign currency debt of the total were 49.6% and 50.4% respectively. The net public debt amounted to LBP 56.940 billion, increasing by LBP 382 billion (0.7 %) from end 2006.

Monetary Situation

At the end of January 2007:

The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 80.192 billion, decreasing by 0.1 percent in one month but increasing by 6.9% from end January 2006.
The dollarization rate of the broad money supply rose to 71.05% up from 70.74% at the end of December 2006.

[>Watani<]

Public Debt:

At the end February 2007:
Total gross public debt reached 61.586 billion (equivalent to USD 40.9 billion) compared to LBP 61.302 billion at the end of the previous month an LBP 61.000 end of December 2006. The shares of the local debt and foreign currency debt of the total were 49.9% and 50.1% respectively.
The net public debt amounted to LBP 54.565 billion, increasing by LBP 1.009 billion (1.8%) from end December 2006.

Monetary Situation

At the end February 2007:
The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 81.068 billion, increasing by 1.1% in one month and 1% from the end of December 2006.
The dollarization rate of the broad money supply stood at 71.06% (71.05% end of January 2007 and 70.74% end of December 2006).

[>Watani<]

Public Debt:

At the end of April 2007:

Total gross public debt reached LBP 62.247 billion (equivalent to USD 41.3 billion) compared to LBP 62.157 billion at the end of the previous month and LBP 60.911 billion end of December 2006. The shares of the local currency debt and foreign currency debt of the total were 50.6% and 49.4% respectively.

The net public debt amounted to LBP 58.326 billion, increasing by LBP 1.859 billion (3,3%) from end December 2006.

Monetary Situation:

At the end of April 2007:

The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 82.869 billion, increasing by 1.4% in one month and by 3.3% in a four months period (+3% in the first four months of 2006).

The dollarization rate of the broad money supply was almost unchanged at 70.95% (70.98% at end of March 2007 and 70.74% at the end of December 2006).

[>Watani<]

Public Debt:

At the end of June 2007:

Total gross public debt reached LBP 62.424 billion (equivalent to USD 41.4 billion) compared to LBP 62.245 billion at the end of the previous month and LBP 60.883 billion end of December 2006. The shares of the local currency debt and foreign currency debt of the total were 50.8% and 49.2% respectively.

The net public debt amounted to LBP 58.752 billion, increasing by LBP 2.313 billion (4,1%) from end December 2006.

Monetary Situation:

At the end of June 2007:

The total stock of money and quasi money denominated in the Lebanese and foreign currencies amounted to LBP 84.078 billion, increasing by 1.5% in one month and by 4.8% in a five months period (+3.9% in the first four months of 2006).

The dollarization rate of the broad money supply was almost unchanged at 70.90% (70.95% at end of April 2007 and 70.74% at the end of December 2006).