Salameh: BDL to Continue Allowing Banks to Buy Dollars at Sayrafa Rate
Central Bank Governor Riad Salameh announced Friday in a statement that the Central Bank will continue to allow commercial banks to purchase U.S. dollars from it at the Sayrafa platform exchange rate.
The decision which was taken Tuesday has apparently led to a major recovery of the Lebanese lira value on the black market.
The dollar was trading for LBP 27,850 on the black market around 5pm Friday, down from around LBP 31,000 the previous day.
Source: Naharnet
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