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
27
o
Bekaa
25
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
26
o
North
27
o
South
26
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Late Night News
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
25
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
26
o
North
27
o
South
26
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
New trading platform: Lebanon introduces Bloomberg platform to regulate dollar transactions
News Bulletin Reports
07-09-2023 | 11:02
High views
Share
Share
2
min
New trading platform: Lebanon introduces Bloomberg platform to regulate dollar transactions
Importers have long sourced their dollars from the market in Lebanon.
However, with the launch of the Bloomberg trading platform for foreign currencies, specifically the US dollar and the Lebanese lira, through banks, the purchase of dollars for imports will gradually be restricted to this new platform.
According to Banque du Liban (BDL) sources, banks will find it more reassuring to handle funds that enter their systems through Bloomberg. They will likely avoid dealing with funds not coming through this platform.
According to these sources, working on the Bloomberg platform will also expose some speculators in the Lebanese lira's exchange rate. For instance, if someone wants to buy dollars, they must display the desired buying rate compared to the market rate.
The Bloomberg platform will display the three lowest rates for buying dollars, while the highest rate will not be visible to all but those who manage the platform. This measure could potentially allow monetary and judicial authorities to investigate why someone is offering to buy dollars at an unusually high rate.
Moreover, BDL sources emphasized that the effort to reduce the cash economy did not begin with the introduction of the Bloomberg platform. They clarified that it is not solely due to American requests in this regard but because BDL recognizes the risks posed by a cash-based economy to the country's overall economy and the Lebanese currency.
Demand for reducing and regulating this cash economy is a global requirement, with requests coming not only from the United States but also from European, Arab, and Asian nations.
Lebanon News
Lebanon Economy
News Bulletin Reports
New
Trading
Platform
Lebanon
Bloomberg
Regulate
Dollar
Transactions
Next
Details emerge: Israel strikes building in Beirut's southern suburbs, marking second attack in days
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:23
In LBCI interview, UNIFIL chief says stability in south Lebanon is vital for regional security, praises Lebanese army
News Bulletin Reports
13:23
In LBCI interview, UNIFIL chief says stability in south Lebanon is vital for regional security, praises Lebanese army
0
News Bulletin Reports
13:00
Beirut Port explosion case update: More officials defy judge as probe nears final phase
News Bulletin Reports
13:00
Beirut Port explosion case update: More officials defy judge as probe nears final phase
0
News Bulletin Reports
12:56
Israel's role in the Sweida conflict: What are the intentions behind its attacks?
News Bulletin Reports
12:56
Israel's role in the Sweida conflict: What are the intentions behind its attacks?
0
News Bulletin Reports
12:55
After 40 years behind bars, Georges Abdallah set to walk free—will politics stand in the way again?
News Bulletin Reports
12:55
After 40 years behind bars, Georges Abdallah set to walk free—will politics stand in the way again?
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
2025-07-02
Casino du Liban director Roland Khoury detained in BetArabia investigation: Sources to LBCI
Lebanon News
2025-07-02
Casino du Liban director Roland Khoury detained in BetArabia investigation: Sources to LBCI
0
Lebanon News
2025-06-13
Hezbollah warns Israel's Iran strikes 'threaten to ignite the region'
Lebanon News
2025-06-13
Hezbollah warns Israel's Iran strikes 'threaten to ignite the region'
0
Middle East News
2025-06-17
Israel's El Al Airlines expects to begin rescue flights Wednesday
Middle East News
2025-06-17
Israel's El Al Airlines expects to begin rescue flights Wednesday
0
World News
2025-05-03
At least seven killed, 20 injured in bombings in South Sudan: MSF
World News
2025-05-03
At least seven killed, 20 injured in bombings in South Sudan: MSF
Videos
d-none hideMe
0
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
07:07
Middle East Airlines announces schedule changes for some flights due to operational reasons
Lebanon News
07:07
Middle East Airlines announces schedule changes for some flights due to operational reasons
2
Lebanon News
12:01
Shocking crime in Jbeil: Security guard shot at tourist site
Lebanon News
12:01
Shocking crime in Jbeil: Security guard shot at tourist site
3
Lebanon News
04:38
Israeli airstrike in South Lebanon kills one, injures two: Health Ministry
Lebanon News
04:38
Israeli airstrike in South Lebanon kills one, injures two: Health Ministry
4
Lebanon News
03:34
French court orders release of Lebanese national Georges Ibrahim Abdallah
Lebanon News
03:34
French court orders release of Lebanese national Georges Ibrahim Abdallah
5
Lebanon News
11:28
Lebanon moves forward on cannabis, aviation regulation, pushes back telecom, energy appointments
Lebanon News
11:28
Lebanon moves forward on cannabis, aviation regulation, pushes back telecom, energy appointments
6
Lebanon News
11:16
Israeli army: Senior Hezbollah naval commander killed in southern Lebanon strike
Lebanon News
11:16
Israeli army: Senior Hezbollah naval commander killed in southern Lebanon strike
7
News Bulletin Reports
12:51
Rachaiya shuts down in mourning as Lebanon moves to defuse sectarian tensions from Sweida violence
News Bulletin Reports
12:51
Rachaiya shuts down in mourning as Lebanon moves to defuse sectarian tensions from Sweida violence
8
Middle East News
03:24
Syria's President says protecting Druze a 'priority'
Middle East News
03:24
Syria's President says protecting Druze a 'priority'
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