Al Markazia – “The $400 Banking” returns at the beginning of February with a lower commission

Al Markazia – “The $400 Banking” returns at the beginning of February with a lower commission
Al Markazia – “The $400 Banking” returns at the beginning of February with a lower commission
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In light of the desperation of the citizens who, in addition to the inflationary costs that they pay daily for food and drink (with merchants calculating the dollar at 5 or 10 thousand pounds per dollar higher than the price in circulation on the black market), recently emerged their concern with the seizure of people’s “fresh” money, amounting to 100 One million pounds in banks without the possibility of recovering it according to a dollar “exchange” and achieving a certain profitability that constitutes an added value to it.

And I learned “Call of the Fatherland” From informed sources, that “the Banque du Liban began supplying banks with dollars to complete” the exchange of 100 million pounds according to the price of 38 thousand pounds, so the banks resumed the process of returning the funds that were deposited with them, but gradually, and thus from today until the end of the month, it is expected to complete the entire operations and return the funds in dollars to its owners.”

As for what some banks are doing in terms of returning 50% in green currency and 50% in Lebanese pounds, the source said, “The banks are trying to distribute dollars to a larger number of customers, so the bank presents this offer to the citizen, and the latter can reject it.”

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With regard to the “400 dollar exchange” that was also stopped, which some say will remain suspended, the same source explained that it “will return to the scene again for individuals, and the Banque du Liban will reduce the value of the commission that is charged by banks for each “banking” operation, which was It varies between 4 and 5%, depending on each bank, to a maximum of 2.5 and 3%, because the commission that is charged is high in relation to a single transaction.

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