Home » News » The Banque du Liban allows banks to buy dollars according to the approved rate.. as of this date

The Banque du Liban allows banks to buy dollars according to the approved rate.. as of this date

Statement byCentral Bank of Lebanon Today, Friday, it will allow the country’s banks, starting from March 28, to sell the lira for cash once morest the dollar or vice versa, according to the price of the “exchange” platform, without specifying a limit on the quantity traded.

The statement explained that “the approved and fixed dollar price for importing gasoline until March 29 is 22,200 Lebanese pounds.”

Officials in Lebanon had proposed a way to fill a large gap in the financial system that might make depositors pay the bill instead of the banks or the state.

The plan seeks to revive the banking system by having depositors cover more than half of the $69 billion gap, which is three times the size of the Lebanese economy.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.