Banque du Liban
On 25 June the IMF estimated the losses at $49 billion, equivalent "to 91 per cent of Lebanon’s total economic output in 2019, according to World Bank figures... almost equal to the total of value of the deposits held by the Banque du Liban from the country’s commercial banks." The government of Lebanon concurred with the IMF estimates. The value of the pound, which had been artificially pegged at 1,507.5 pounds per U.S. dollar by the BdL, traded on the informal market in June 2020 at 5,000 pounds to the dollar, and concurrently the BdL welcomed in an official publication the involvement of the IMF.