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BDL To Allow USD Transactions Through Non-Banking Institutions
According to a new circular issued by the Central Bank of Lebanon earlier today, non-banking institutions that carry out electronic financial transactions can now give out dollars to customers.
These include services like OMT, Western Union, and Money Gram, which had previously been settling all inward money transfers (money coming in from abroad) in Lebanese Lira at the market exchange rate as per a previous BDL decision.
You can find the full circular below.
The decision is effective immediately.
These include services like OMT, Western Union, and Money Gram, which had previously been settling all inward money transfers (money coming in from abroad) in Lebanese Lira at the market exchange rate as per a previous BDL decision.
You can find the full circular below.
— Banque Du Liban (@BDL_Lebanon) August 6, 2020
The decision is effective immediately.