Important circular from the Bank of Lebanon

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The Banque du Liban issued a circular to exchange institutions regarding the regulation of the profession, requesting exceptional compliance with a maximum price for the purchase of foreign currencies against the Lebanese pound, which does not exceed 30% of the price determined by the Banque du Liban in its dealings with banks.

He also asked to refrain from any exchange process that does not take into account the percentage specified in the declared article.

He also requested not to adopt margins between the selling price and the purchase price of foreign currencies, which breaks the usual customs and does not stop the exchange process of all kinds.

This decision shall be enforced for a period of six months from the date of its issuance.

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