Home / Business / Riad Salameh showers local banks in dollars

Riad Salameh showers local banks in dollars

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.com

Check Also

‘Station Eleven’: Mackenzie Davis Showing the Theatrical Way to a Vaccine Free Future – PART II

By Emad El-Din Aysha, PhD The Person is the Politics Well, that’s enough of that. …

Leave a Reply

Your email address will not be published. Required fields are marked *