Lebanon’s Central Bank Issued A New Limit For Individual Transactions

Lebanon’s Central Bank Issued A New Limit For Individual Transactions

The Central Bank of Lebanon (BDL) issued a $500/month limit for every individual bank account. This comes after people were reportedly using Circular 161 to buy dollars on the Sayrafa rate to sell on the black market rate for financial profit. This, however, does not mean that each individual can only exchange $500/month on the Sayrafa rate. People with multiple individual accounts, whether in the same bank or in multiple banks, can exchange $500 per account. Circular 161 gives public […]

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The Central Bank of Lebanon (BDL) issued a $500/month limit for every individual bank account. This comes after people were reportedly using Circular 161 to buy dollars on the Sayrafa rate to sell on the black market rate for financial profit. This, however, does not mean that each individual can only exchange $500/month on the Sayrafa rate. People with multiple individual accounts, whether in the same bank or in multiple banks, can exchange $500 per account. Circular 161 gives public […]