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Central Bank Governor announces launch of process of selling dollars to banks

Central Bank Governor Riad Salameh issued the following statement:

“Central Bank Governor Riad Salameh announced that the Central Bank will sell US dollars to participating banks on the “Sayrafa” platform at 12,000 LBP per USD. The banks will sell them at 12,120 LBP per USD.

Based on the foregoing, participants who wish to register all requests, must do so on the platform starting Monday, June 7, 2021, until Wednesday, June 9, 2021, provided that the required amount is paid when registering the request in LBP cash. These transactions will be settled on Thursday, June 10, 2021. US dollars will be paid exclusively at correspondent banks.

The total transactions for this week are 10 million dollars, at a rate of 12,200 LBP per USD, on the “Sayrafa” platform.
Noting that the Banking Control Commission has been assigned to ensure that the money changers adhere to the application of the relevant circulars.”

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