Finance Committee Refuses BDL Requested Delay for Raising Bank Exchange Rate


Head of Parliament's Finance and Budget Committee MP Ibrahim Kanaan said Monday that the central bank has requested a grace period until the end of the year to study the issue of raising the value of withdrawals.

The Finance and Budget Committee had met with representatives of BDL and the depositors, in the presence of the minister of finance and the association of banks to discuss raising the exchange rate for bank withdrawals, currently set at LBP 3,900/USD.

Kanaan pointed out that the Committee has refused the delay period and asked the government “to obtain an answer from the central bank before the end of September.”

Comments 1
Default-user-icon Libnani (Guest) 27 September 2021, 17:03

I don't agree. These Lebanese who lived like kings as a result of pegging the LL to the dollar at 1,500, should now pay a price and this would be by keeping the 3900 in place.