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
23
o
Bekaa
19
o
Keserwan
26
o
Metn
26
o
Mount Lebanon
24
o
North
24
o
South
23
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Loobat Kadari
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
23
o
Bekaa
19
o
Keserwan
26
o
Metn
26
o
Mount Lebanon
24
o
North
24
o
South
23
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
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
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
BDL raises Sayrafa rate, stirs controversy among Lebanese
Lebanon Economy
02-02-2023 | 10:59
High views
Share
Share
3
min
BDL raises Sayrafa rate, stirs controversy among Lebanese
The Banque Du Liban raised the Sayrafa exchange rate from 38,000 LBP to 42,000 LBP, stirring controversy among the Lebanese.
Employees in the public sector who were fortunate enough to receive their paychecks before Thursday were able to withdraw money in dollars on Sayrafa for 38,000 LBP to the dollar.
As for those who did not receive their paychecks before Thursday, such as retirees and some public administration personnel, they withdrew them from most banks at the new rate of 42,000 LBP, incurring a loss of about $10 for every $100.
The increase in Sayrafa rate also raised the cellphone bill, as it is priced in turn on the platform's rate.
Sources at the Central Bank confirmed that Sayrafa platform is a must because it helps to withdraw the cash block in Lebanese lira in the market to try to mitigate the dollar's rise and helps people in this situation.
In the upcoming days, Sayrafa will be made available to the private sector with a monthly cap of $300 per individual while barring merchants from benefiting from it.
As for customers who are still waiting to collect dollars in exchange for Lebanese pounds they already deposited in their banks at the beginning of last month, payment was made for the files that meet the conditions, successively and at the old price on which they submitted their requests, i.e., 38 thousand LBP.
Regarding the exchange rate, BDL sources noted that given the dollar's ongoing appreciation on the black market, the Sayrafa rate had to be increased because of the following:
- To reduce speculative activities and the gains that some large traders and possibly some banks are making from the profit margin created by the difference between the two prices.
- To aid in future exchange rate unification, which is only possible with political stability and reforms.
The sources believed that the market price of the Lebanese lira is very close to Sayrafa rate and not the parallel market because a substantial portion of the parallel market is under the hands of manipulators and speculators.
Breaking Headlines
Lebanon News
Lebanon Economy
News Bulletin Reports
BDL
Sayrafa
Lebanon
Banks
Finance
Economy
Crisis
Exchange Rate
Next
Lebanon updates fuel prices
Recommended For You
d-none hideMe
0
Lebanon Economy
02:18
Fuel prices in Lebanon updated
Lebanon Economy
02:18
Fuel prices in Lebanon updated
0
Lebanon Economy
2025-05-06
Fuel prices in Lebanon updated
Lebanon Economy
2025-05-06
Fuel prices in Lebanon updated
0
News Bulletin Reports
2025-05-05
UAE says 'yes' to Lebanon again — can Beirut turn the page?
News Bulletin Reports
2025-05-05
UAE says 'yes' to Lebanon again — can Beirut turn the page?
0
News Bulletin Reports
2025-05-02
Lebanon eyes recovery driven by reforms with $934M in preliminary funding
News Bulletin Reports
2025-05-02
Lebanon eyes recovery driven by reforms with $934M in preliminary funding
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-03-18
German Foreign Minister set to visit Lebanon on Wednesday
Lebanon News
2025-03-18
German Foreign Minister set to visit Lebanon on Wednesday
0
Lebanon News
2025-01-09
Lebanon's parliament secures quorum with full attendance of 128 MPs for pivotal presidential election session
Lebanon News
2025-01-09
Lebanon's parliament secures quorum with full attendance of 128 MPs for pivotal presidential election session
0
Lebanon News
2025-01-27
Final toll of Israeli attacks in South Lebanon: 24 killed and 134 wounded, including 12 children
Lebanon News
2025-01-27
Final toll of Israeli attacks in South Lebanon: 24 killed and 134 wounded, including 12 children
0
News Bulletin Reports
2025-02-24
Analyzing Hezbollah's Naim Qassem's speech: New realities unfold amid notable developments
News Bulletin Reports
2025-02-24
Analyzing Hezbollah's Naim Qassem's speech: New realities unfold amid notable developments
Videos
d-none hideMe
0
News Bulletin Reports
14:18
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
14:18
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
0
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
0
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
0
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
0
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
2
Lebanon Economy
02:18
Fuel prices in Lebanon updated
Lebanon Economy
02:18
Fuel prices in Lebanon updated
3
Lebanon News
06:52
Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release
Lebanon News
06:52
Diaspora groups push for electoral law amendment to confirm expat voting rights for all 128 parliamentary seats — press release
4
Lebanon News
05:04
Lebanon ready for Emirati return amid tightened airport security, interior minister says
Lebanon News
05:04
Lebanon ready for Emirati return amid tightened airport security, interior minister says
5
Lebanon News
05:40
Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate
Lebanon News
05:40
Lebanon's FM discusses southern tensions with UNIFIL chief, backs mission's mandate
6
News Bulletin Reports
13:00
Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?
News Bulletin Reports
13:00
Trump 'blindsides' Netanyahu with Saudi nuclear green light: Is Israel losing its influence over US Mideast policy?
7
News Bulletin Reports
14:18
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
14:18
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
8
Lebanon News
12:13
Saudi Arabia releases Lebanese detainee Mahdi Qanso amid ongoing talks
Lebanon News
12:13
Saudi Arabia releases Lebanese detainee Mahdi Qanso amid ongoing talks
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