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Data Change: Lebanon - Money supply - Reclassified
Thursday, 02 Aug 2018 10:28 ET
By Ian Vaughan
Summary
July 2018 -- Concurrent with dissemination of values for January, the Central Bank of Lebanon has implemented the IFRS 9 standards in its monetary survey (16 monthly series 1964 to 2018, replaced by 14 from 2017).
Detail

On 7 November 2017 the source wrote (citation (pdf)):

As of 1 January 2018, banks and financial institutions are required to apply the International Financial Reporting Standard IFRS 9 (concerning Financial Instruments), and the ensuing amendments of IFRS 7 (concerning Financial Instruments Disclosures), on both individual and consolidated financial statements.

In response, we have:

  1. Archived the predecessors (April 1964 to January 2018) by marking metadata as discontinued, and by segregating in the catalog
  2. Created replacement series with standardized mnemonics.

Dataset properties:

  • Figures: Billions of Lebanese pounds (Bil. LBP)
  • Adjustment: Not seasonally adjusted (NSA)
  • Start date: January 2017
  • Subject to revision: Potentially
  • Lag: 2 months

The series reside in the historical catalog (Lebanon » Financial » Money supply) and include, for example:

  • BALM2UM.ILBN = [DISCONTINUED] Monetary survey: M2, (Bil. LBP, NSA)
  • MBLM2UM.ILBN = Money aggregates: M2, (Bil. LBP, NSA)
  • MBLNCUM.ILBN = Money aggregates: Currency in circulation, (Bil. LBP, NSA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

The "IFRS 9 Financial Instruments" standard was issued in 2014. In the context of a monetary survey, it specifies the financial instruments that are counted among the broader monetary aggregates.

References

Other
Related ReleaseMoney Supply
SourceCentral Bank of Lebanon
FrequencyMonthly
GeographyLebanon
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