Salameh: Money Transfer Firms Must Not Pay in Dollar to Recipients

إقرأ هذا الخبر بالعربية W460

Central Bank Governor Riad Salameh on Monday called on all money transfer companies operating in Lebanon, such as Western Union and OMT, to exclusively use Lebanese currency when dispensing foreign cash transfers to recipients.

Central Bank sources told LBCI TV that the request is aimed at combating money laundering.

“All firms that carry out cash transfers with electronic means must pay the value of electronic transfers coming from abroad exclusively in Lebanese lira,” Salameh says in his memo.

The memo does not mention or affect bank transfers.

SourceNaharnet
Comments 4
Missing servant-of-jesus 15 January 2019, 01:33

"Central Bank sources told LBCI TV that the request is aimed at combating money laundering."
who believes this lie?

Thumb liberty 15 January 2019, 05:24

Why don't you take the lead ya troll and start saving in Russian Rubels.

Thumb liberty 15 January 2019, 05:26

"the request is aimed at combating money laundering"

and how much can one transfer via Western Union for it to be considered "money laundering"?

What a joke! They are short on dollars and the economy is collapsing.

Thumb commirade.vlad 15 January 2019, 17:42

Tovarishch bigivan we say american bankrupt will fall for 70 years we idiots then, you idiot now, da!