LBCI

Lebanese banks set rate of 3,000 pounds per dollar for withdrawals from dollar accounts-sources to REUTERS

Breaking Headlines

27-04-2020 | 08:18

Share

Share

Lebanese banks set rate of 3,000 pounds per dollar for withdrawals from dollar accounts-sources to REUTERS

Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from U.S. dollar accounts for this week, two banking sources said on Monday, around 50% weaker than the currency's official pegged value.

According to a central bank circular last week, depositors with dollar accounts in Lebanon will be paid cash in the local currency at a "market rate" within each bank's withdrawal limits.

The pound has slumped since October as Lebanon has sunk deeper into a financial crisis that has hiked prices, fueled unrest and locked depositors out of their U.S. dollar savings.

REUTERS

Breaking Headlines

Lebanon

Banks

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Lebanon's Economic Bodies head Nicolas Chammas to LBCI: Confidence in banks renewed

2025-10-06

Lebanon's Economic Bodies head Nicolas Chammas to LBCI: Confidence in banks renewed

40 African migrants dead in shipwreck off Tunisia: Judiciary

Middle East News

10:39

40 African migrants dead in shipwreck off Tunisia: Judiciary

Arms collection roadmap: Lebanese Army maps out multi-stage disarmament plan—Key phases

News Bulletin Reports

2025-09-06

Arms collection roadmap: Lebanese Army maps out multi-stage disarmament plan—Key phases

Disarmament plan hinges on resources, not deadlines: LBCI sources

2025-09-05

Disarmament plan hinges on resources, not deadlines: LBCI sources

Videos

Meet Miss Lebanon 2025 contestants: Video

2025-10-04

Meet Miss Lebanon 2025 contestants: Video

Series of Israeli airstrikes spark massive fire in southern Lebanon

2025-10-03

Series of Israeli airstrikes spark massive fire in southern Lebanon

Lunar eclipse captivates Lebanon: watch the stunning video

2025-09-07

Lunar eclipse captivates Lebanon: watch the stunning video

Most read

24 hours

7 days

Month

Lebanese lawmakers push presidential action to restore diaspora voting rights

1

Lebanese lawmakers push presidential action to restore diaspora voting rights

Israel gears for confrontation with Hezbollah, challenges US Gaza strategy

2

Israel gears for confrontation with Hezbollah, challenges US Gaza strategy

Joanna Kassem wins 2026 MG ZS in Toters Fresh draw on LBCI

3

Joanna Kassem wins 2026 MG ZS in Toters Fresh draw on LBCI

US envoy Tom Barrack marks anniversary of 1983 Marine compound attack in Beirut, says America “must not repeat past mistakes”

4

US envoy Tom Barrack marks anniversary of 1983 Marine compound attack in Beirut, says America “must not repeat past mistakes”

US missionary abducted in Niger capital: Diplomatic sources

5

US missionary abducted in Niger capital: Diplomatic sources

Where are Lebanon’s missing? Families search for answers as Israel holds at least 20 captives

6

Where are Lebanon’s missing? Families search for answers as Israel holds at least 20 captives

From shootout to arrest: Armed drug dealer in Lebanon caught after 'daring' escape

7

From shootout to arrest: Armed drug dealer in Lebanon caught after 'daring' escape

PM Salam discusses South Lebanon and post-UNIFIL phase with UNIFIL commander

8

PM Salam discusses South Lebanon and post-UNIFIL phase with UNIFIL commander

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More