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
Financial transition: BDL prepares for dollar transactions via the Bloomberg platform
News Bulletin Reports
2023-09-11 | 11:33
High views
Share
Share
2
min
Financial transition: BDL prepares for dollar transactions via the Bloomberg platform
Sources within the Banque du Liban (BDL) have confirmed that the transition to conducting transactions in dollars through the Bloomberg platform will be seamless and straightforward.
Acting BDL Governor Wassim Mansouri, who has thus far managed to prevent the dollar's exchange rate from spiraling at this stage, will maintain control as Bloomberg integration begins. Any reports of exorbitant dollar prices are dismissed as baseless speculation.
The sources revealed that the BDL has initiated negotiations with Bloomberg, and upon finalizing the agreement, registration will commence for banks and financial institutions interested in utilizing this platform.
Notably, the BDL will not incur any costs related to Bloomberg integration. Existing agreements with Bloomberg will remain in place, allowing banks to fulfill their financial obligations to the agency.
Financial institutions, particularly licensed currency exchange businesses and those in the top tier will be required to establish dedicated departments responsible for verifying the sources of funds used in transactions via the Bloomberg platform. This move is part of the country's ongoing efforts to combat money laundering.
Firms failing to establish these departments will not be permitted access until the BDL drafts a circular to address this requirement.
In preparation for this transition, a Bloomberg team is set to arrive in Lebanon to train those interested in working with the platform, instructing them on how to trade foreign currency rates. The full implementation of the platform is expected to take over two months.
Lebanon News
Lebanon Economy
News Bulletin Reports
Financial
Transition
BDL
Dollar
Transactions
Bloomberg
Platform
Next
Hezbollah drones, rocket strikes spark widespread panic: Sirens blare as Israeli towns enter maximum emergency
The Iranian Response: Awaiting Retaliation Amidst Escalating Tensions
Previous
Recommended For You
d-none hideMe
0
News Bulletin Reports
12:39
Brazil Blocks X Platform: Legal Dispute Sparks Fines and Access Restrictions
News Bulletin Reports
12:39
Brazil Blocks X Platform: Legal Dispute Sparks Fines and Access Restrictions
0
News Bulletin Reports
12:27
Severe Storms and Floods in Yemen, Saudi Arabia, and Sudan Highlight Urgency of Climate Action
News Bulletin Reports
12:27
Severe Storms and Floods in Yemen, Saudi Arabia, and Sudan Highlight Urgency of Climate Action
0
News Bulletin Reports
12:26
Humanitarian Pause in Gaza: Polio Vaccination Amid War and Health Threats
News Bulletin Reports
12:26
Humanitarian Pause in Gaza: Polio Vaccination Amid War and Health Threats
0
News Bulletin Reports
12:24
Algerian Fuel Grant to Lebanon: High Quality Confirmed Amid Speculations
News Bulletin Reports
12:24
Algerian Fuel Grant to Lebanon: High Quality Confirmed Amid Speculations
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2024-07-27
Stay tuned for Miss Lebanon 2024 pageant at 8:30 PM, broadcast live on LBCI and available for streaming on the website https://www.lbcgroup.tv/live/ar
Lebanon News
2024-07-27
Stay tuned for Miss Lebanon 2024 pageant at 8:30 PM, broadcast live on LBCI and available for streaming on the website https://www.lbcgroup.tv/live/ar
0
Lebanon News
2024-08-29
PSP Secretary-General Nasser to LBCI: There is a lack of understanding of our political convictions
Lebanon News
2024-08-29
PSP Secretary-General Nasser to LBCI: There is a lack of understanding of our political convictions
0
Lebanon News
2024-08-14
In Lebanon visit, US Envoy Hochstein urges diplomatic resolution to avoid full-scale war between Lebanon and Israel
Lebanon News
2024-08-14
In Lebanon visit, US Envoy Hochstein urges diplomatic resolution to avoid full-scale war between Lebanon and Israel
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
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