News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
22
o
North
30
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Concerts
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
19
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
22
o
North
30
o
South
26
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Documentaries
Lebanon’s Centennial
News Bulletin
The Untold History
Talk Show
Series
Sports
Variety
Other
Comedy
Oldies
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
BDL raises Sayrafa exchange rate to 38,000 LBP
Lebanon Economy
2022-12-27 | 05:20
High views
Share
Share
3
min
BDL raises Sayrafa exchange rate to 38,000 LBP
Banque du Liban (BDL) Governor Riad Salameh announced Tuesday that the exchange rate has increased during the festive period, which extended for three days, and increase of more than 2,000 LBP in the black market. This rise caused inflation, which harmed the Lebanese because the prices in the country are linked to the exchange rate.
He stated, “based on that and based on Articles 75 and 83 of the Monetary and Credit Law, the following was decided:
First, the rate of Sayrafa platform will be raised to 38,000 LBP.
Second, BDL will buy all the Lebanese Liras and sell the US dollars at the new Sayrafa rate of 38,000 LBP. All Individuals and institutions can conduct such transactions from all Lebanese banks. Until further notice.
It was only minutes after the issuance of this statement that the dollar rate began to roll quickly, reaching 44,000 Liras; after it had almost approached 48,000 Liras to the dollar.
After the rush of citizens to sell their dollars, money changers deliberately closed the doors of their shops without any reason.
Economists consider that the reasons for the increase that the governor spoke about are correct, as the price reached by the black market dollar is unrealistic. It is due to the increasing demand from Lebanese and even Syrian merchants who buy dollars from money exchangers in the Bekaa. Moreover, import expenses have risen again and reached around 17.8 billion dollars by the end of November, which is a high number. Part of the imports also goes to the Syrian interior, some of which are oil derivatives and other materials. Economists also recognize that the Central Bank and banks buy from the parallel market.
The increasing demand for dollars in light of the scarcity in the market inevitably affects the exchange rate upwards.
Experts add that all of the central bank's measures are temporary and will not lead to radical solutions as long as additional dollars do not enter the market.
Breaking Headlines
Lebanon News
Lebanon Economy
Lebanon
BDL
USD
Lebanese
Exchange Rate
Next
Fuel prices decrease across Lebanon
Recommended For You
d-none hideMe
0
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
Lebanon Economy
2024-08-30
Fuel prices fall in Lebanon
0
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
News Bulletin Reports
2024-08-28
Hope for Lebanon's healthcare: Hospitals see budget increase as Health Ministry aims for recovery
0
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
News Bulletin Reports
2024-08-27
Lebanon's Lifeline: How Expatriates Keep the Nation Afloat Amid Crisis
0
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Lebanon Economy
2024-08-27
Fuel prices update: Latest list published
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-08-28
Ibrahim Kanaan resigns from Free Patriotic Movement
Lebanon News
2024-08-28
Ibrahim Kanaan resigns from Free Patriotic Movement
0
Middle East News
2024-08-29
Lufthansa extends suspension of flights to Tel Aviv and Tehran until September 4
Middle East News
2024-08-29
Lufthansa extends suspension of flights to Tel Aviv and Tehran until September 4
0
News Bulletin Reports
2024-08-26
Israel's Unit 8200 at Glilot base: More details about the Israeli Unit 8200 base that Hezbollah targeted
News Bulletin Reports
2024-08-26
Israel's Unit 8200 at Glilot base: More details about the Israeli Unit 8200 base that Hezbollah targeted
0
Lebanon News
2024-08-28
MEA: Flights from September 1 to 5, 2024, to remain on schedule except for some
Lebanon News
2024-08-28
MEA: Flights from September 1 to 5, 2024, to remain on schedule except for some
Videos
d-none hideMe
0
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
News Bulletin Reports
2024-08-26
LBCI Exclusive: Canada's Ambassador to Lebanon supports UNIFIL mandate renewal, aims to strengthen LAF capabilities
0
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
Lebanon News
2024-08-25
Hezbollah reveals footage of strikes in second phase of 'Day of Arbaeen' operation
0
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
Lebanon News
2024-08-25
Hezbollah publishes new video revealing Israeli sites targeted in retaliation for assassinating its commander Fouad Shokor
0
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
Lebanon News
2024-08-19
Israeli strike targets car in southern Lebanon, leaving one dead and several injured (video)
0
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
News Bulletin Reports
2024-08-13
Lebanon's authorities uncover five bodies in Kfarshima house: Here are the details
0
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
Lebanon News
2024-08-11
Lebanese Army finds main body of missile from Israeli Strike in Miryata forests
0
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
Lebanon News
2024-07-31
Mohammed Khair: Nine buildings damaged in Israeli attack; demolition planned for severely affected ones
0
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
World News
2024-07-21
Full Transcript: Trump's Coordinator of Arab Relations Discusses Plan to Win Arab Voters and Achieve Peace
0
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Lebanon News
2024-07-18
Two dead in Israeli airstrike on Jmeijmeh, south Lebanon (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
Lebanon News
03:23
FPM leader Bassil tells Hezbollah: We support you in defending Lebanon, not in starting wars
2
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
Lebanon News
04:29
Israeli artillery shelling in Yohmor Al Shaqif, South Lebanon, causes fires near homes
3
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
Lebanon News
05:59
Major fire breaks out on outskirts of Naqoura, South Lebanon, due to Israeli drone
4
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
Lebanon News
05:46
Firefighters persist in containing Yohmor Al Shaqif fire in South Lebanon following Israeli artillery shelling
5
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
Lebanon News
08:57
Speaker of Parliament Berri: Call for presidential election remains open, dialogue and successive sessions expected
6
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
Israel-Gaza War Updates
03:31
Axios: Gallant says Israel must choose between Philadelphi corridor and hostages
7
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
Middle East News
03:02
CENTCOM says raid kills 15 ISIS members in Iraq
8
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Lebanon News
03:42
Israeli airstrikes target forests and outskirts in South Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More