New Measures Regarding the Exchange Rate of the Dollar in Lebanon

Lebanon Economy
18-02-2024 | 12:07
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
New Measures Regarding the Exchange Rate of the Dollar in Lebanon
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
New Measures Regarding the Exchange Rate of the Dollar in Lebanon

In general, the official exchange rate of the dollar in Lebanon was 15,000 Lebanese pounds, with a withdrawal limit of $1,600 per month, equivalent to around 24 million Lebanese pounds.

Initial information suggests that the Ministry of Finance will initially raise the official exchange rate of the dollar to 25,000 Lebanese pounds, while the withdrawal limit may remain at $1,600 per month, equivalent to 40 million Lebanese pounds.
This decision was made by the Ministry of Finance after it became apparent that depositors needed liquidity in Lebanese pounds, as banks were not providing dollars at the market rate, which stands at 89,500 Lebanese pounds.
 
The government consulted the Central Bank on this matter, but the Central Bank reiterated its rejection of multiple exchange rates for the dollar, considering that there is a unified market rate. Additionally, the Central Bank refused to have a role in setting the withdrawal limit for the official exchange rate of the dollar.
The Central Bank of Lebanon is not concerned that this decision will lead to a significant increase in the money supply in Lebanese pounds because the number of depositors who will withdraw the official exchange rate of the dollar may not be large, as most of them are waiting for the dollar's rate to increase further, thus reducing the haircut ratio.
The Central Bank of Lebanon states that the volume of the money supply in Lebanese pounds in the market ranges between 53 to 54 trillion Lebanese pounds, or about $600 million, a figure under the full control of the Central Bank, which increased its reserves from the end of July until today by $900 million, bringing the reserve volume to $9.458 billion.
 

Lebanon Economy

News Bulletin Reports

Lebanon

BDL

Central Bank

Crisis

Bank

Dollar

Lira

LBCI Next
Finance minister signs decree granting August bonus to military personnel
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
13:00

Lebanon imposes stricter rules on cash transfers

LBCI
Lebanon Economy
2025-12-16

Lebanon updates fuel prices

LBCI
Lebanon Economy
2025-12-15

Lebanon’s PM pushes to finalize financial gap law within 48 hours, sources say

LBCI
News Bulletin Reports
2025-12-12

Lebanon's financial fix: Could a deposit write-off reshape the economy?

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Lebanon News
2025-12-02

LBCI exclusive: Pope Leo sends message to President Aoun aboard flight leaving Beirut

LBCI
News Bulletin Reports
2025-11-04

Military plans: Israel dismisses diplomatic path with Lebanon, weighs escalation against Hezbollah

LBCI
News Bulletin Reports
2025-11-10

Lebanon paves the way for Pope Leo XIV visit, roads and sites prepared nationwide

LBCI
Lebanon News
2025-11-14

UN peacekeepers say Israel built walls inside Lebanon

Videos
d-none hideMe
LBCI
Lebanon News
2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

LBCI
Lebanon News
2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

LBCI
Lebanon News
2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

LBCI
Lebanon News
2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

LBCI
Lebanon News
2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

LBCI
Lebanon News
2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

LBCI
Middle East News
2025-11-27

Pope Leo leaves for Istanbul—Video

LBCI
Middle East News
2025-11-27

Pope Leo arrives at Turkey's Presidential Palace—Video

LBCI
Middle East News
2025-11-27

Pope Leo visits Mustafa Kemal Ataturk's mausoleum—Video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
News Bulletin Reports
13:00

Lebanon imposes stricter rules on cash transfers

LBCI
News Bulletin Reports
12:55

Israel weighs Hezbollah showdown as Netanyahu-Trump meeting nears

LBCI
News Bulletin Reports
12:50

A wave in motion as 380,000 Syrian refugees return from Lebanon

LBCI
Lebanon News
03:40

Israel strikes multiple areas across Lebanon; army says it hit alleged Hezbollah sites

LBCI
News Bulletin Reports
12:55

Crackdown on illegal crossings: Smuggling routes dry up as Lebanon and Syria boost border enforcement

LBCI
Lebanon News
04:58

Lebanon parliament approves $250 million World Bank loan for southern infrastructure

LBCI
Lebanon News
03:09

Israel launches three airstrikes on Hermel outskirts

LBCI
Middle East News
13:49

Israel approves natural gas deal with Egypt, Netanyahu says

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