Banks Allowed to Unlimitedly Buy USD from BDL with LBP

Central Bank Governor Riad Salameh has said that banks are now allowed to unlimitedly buy U.S. dollars from the central bank in Lebanese pounds at the price specified by the Sayrafa platform.

“In addition to the monthly quota that the banks are withdrawing in USD, the banks now have the right to buy dollar banknotes from the BDL with the LBP currency that they and their customers possess, without a ceiling,” Salameh said.

The BDL’s statement came after a meeting between Salameh, Prime Minister Najib Miqati and Finance Minister Youssef al-Khalil.

Source: Naharnet

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