Finance Minister Khalil: BDL to use official exchange rate of 15,000 pounds to the dollar

Lebanon News
2022-09-28 | 09:11
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Finance Minister Khalil: BDL to use official exchange rate of 15,000 pounds to the dollar
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
0min
Finance Minister Khalil: BDL to use official exchange rate of 15,000 pounds to the dollar
Caretaker Finance Minister Youssef Khalil told Reuters on Wednesday that Lebanon's central bank will use an official exchange rate of 15,000 pounds to the dollar instead of 1,507, calling it a step towards unifying the country's numerous exchange rates.
 
“The step will come into effect from the end of the October,” Khalil stated.
 
Lebanese authorities introduced the 1,507 rate in 1997.
 
But the pound has slumped by more than 95% from the official rate since Lebanon fell into financial crisis three years ago, currently changing hands at around 38,000 on a parallel market.
 
 
 
 
REUTERS
 

Breaking Headlines

Lebanon News

Finance Minister

BDL

Lebanon

Exchange Rate

USD

Reuters

LBCI Next
Presidential elections 101: Who are the two candidates ahead of the next presidential elections session?
Pierre el-Daher, the man who defeated the Lebanese Forces
LBCI Previous
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