BDL unveils a new currency exchange platform, but its official launch date and exchange rate remain unclear

LOrientLeJour - 20/04
BEIRUT — Banque du Liban on Tuesday unveiled Sayrafa, a new currency exchange platform that will aim to establish an official parallel exchange rate between the lira and foreign currencies.BDL’s...

BEIRUT — Banque du Liban on Tuesday unveiled Sayrafa, a new currency exchange platform that will aim to establish an official parallel exchange rate between the lira and foreign currencies.

BDL’s rollout of the online application Sayrafa also further restricts who is qualified to purchase dollars from financial institutions, according to two sources who attended a training session on the application that was held in Beirut for bankers and exchangers.

However, BDL has not specified the rate at which changers will be allowed to sell dollars or even the application’s launch date, ...
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