BDL to Lift Secrecy on Transactions with Exchange Dealers

  • Economics
BDL to Lift Secrecy on Transactions with Exchange Dealers

The Central Bank’s financial watchdog denied Friday that there was a manipulation of dollar against the Lebanese pound resulting from BDL’s transactions with the exchange dealers.

It also announced that BDL will finance the import of basic items to Lebanon at LL3,200 rate to the U.S. dollar.

It estimated the size of Central Bank’s buying of dollars from the traders was $12,705 million, $470,000 of which went to traders Class B between April 8, 2020 to May 5, 2020.

The statement came one day after the financial state prosecutor ordered the arrest of the head of monetary operations at BDL Mazen Hamdan.

Read the full article at The Daily Star: https://bit.ly/2LxYdAC

Source: The Daily Star