Sarah
03-03-2023, 01:01 PM
A recent move by Lebanon’s Central Bank (BDL) to offer to sell the cash dollar through its platform at the rate of LBP 70,000 has temporarily curbed the rapid collapse of the national currency.The price margins of cash trading in the parallel markets fell to around LBP 80,000 per dollar, after touching the barrier of LBP 100,000 only minutes before the BDL decision was issued on Wednesday night.Government services and fees, which are collected based on the BDL Sayrafa platform, increased overnight by about 55 percent, especially public electricity and communications bills.Many fact
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