Banque du Liban

Navigating Dollar Fluctuations: Avoiding Overreliance

Liliane Mokbel, 2024-01-17 22:43 - Reading : 3 minute(s)

Banque du Liban

Initiating an adjustment of the dollar exchange rate at 89,500 Lebanese pounds before transitioning to a floating exchange rate regime is a prudent and essential measure. While standardizing the exchange rate is vital for economic revitalization, a key question remains: Does this imply a floating system, where the dollar-to-pound exchange rate is ...

Sayrafa Rate at LBP 89,500

This Is Beirut, 2023-12-18 23:10 - Reading : less than a minute

Banque du Liban

According to multiple sources, the Banque du Liban (BDL) has reportedly decided to raise the rate of the Sayrafa platform from LBP 85,500 to the dollar to LBP 89,500, effective Monday. This rate had remained unchanged for several months. Although the BDL has not yet issued an official statement, it is said to have informed banking institutions of ...

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