19_EN/2020 COMMENTS ON SEIGNIORAGE IN LEBANON
Issued in Tuesday, September 15, 2020
The seigniorage (money income), its size and methods of calculation, as well as its accounting, are an important topic in the debate on the financial crisis in Lebanon. We will focus, firstly, on some principles of seigniorage, and secondly, on how we think the Lebanese data can be interpreted (based on the EY and Deloitte audit, for the end of 2018). We leave aside the political and geopolitical motives that determine the structure of the balance sheet of the Banque de Liban (BdL).