Banque du Liban To Release “Currency Trading Platform” On June 23
What’s next, a LARP game where we track done the amwel el manhoube?
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Lebanon’s Central Bank announced yesterday that an electronic foreign currency trading platform will go live on June 23rd. The platform will aim to “regulate daily exchange rates” and must be used by all traders.
They named it…*drum roll please*… SAYRAFA.
The trading platform asks that exchange shops use the buy and sell rates set by the central bank each morning via the application. The app will be available on tablets that will be given to forex firms which begs the question, WHERE’D YOU GET THE BUDGET FOR THIS ONE?
All information relating to the transaction such as they buyers name, number, and official documents will also be uploaded onto the app. This comes as the Lebanese Lira saw its worst plunge ever to the U.S. dollar at the black market, being traded at almost 6,000 LL on the dollar. Protestors have also gathered outside the Central Bank in Hamra over the past two nights amid a media blackout.
Do you think this application is useful? And how much do you think they spent developing it?
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