{"id":59830,"date":"2020-04-16T00:00:00","date_gmt":"2020-04-16T00:00:00","guid":{"rendered":"https:\/\/www.beirut.com\/59830\/breaking-non-bank-institutions-can-no-longer-give-out-dollars"},"modified":"2020-04-16T00:00:00","modified_gmt":"2020-04-16T00:00:00","slug":"breaking-non-bank-institutions-can-no-longer-give-out-dollars","status":"publish","type":"post","link":"https:\/\/www.beirut.com\/en\/59830\/breaking-non-bank-institutions-can-no-longer-give-out-dollars\/","title":{"rendered":"Breaking: Non-Bank Institutions Can No Longer Give Out Dollars"},"content":{"rendered":"According to a new circular issued by the Central Bank of Lebanon earlier today, non-banking institutions that carry out electronic financial transactions can no longer give out dollars to customers. Instead, they would have to settle all inward money transfers (money coming in from abroad) in Lebanese Lira at the market exchange rate. <br \/>  <br \/>    <blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">BDL&#8217;s new circular: Inward electronic transfers through WesternUnion, MoneyGram, and other electronic exchange companies can now ONLY be received in LBP and according to market rate priced by BDL (now at 2600 per $) <a href=\"https:\/\/t.co\/ZWwJenCEc8\">https:\/\/t.co\/ZWwJenCEc8<\/a> <a href=\"https:\/\/t.co\/JDa0suizV3\">pic.twitter.com\/JDa0suizV3<\/a><\/p>\u2014 Lea Fayad (@LeaFayad) <a href=\"https:\/\/twitter.com\/LeaFayad\/status\/1250751363342008320?ref_src=twsrc%5Etfw\">April 16, 2020<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>  <br \/>  <br \/>  These include services like OMT, Western Union, and Money Gram, which up until today, had still been giving out dollar bank notes for transfers received in dollars. <br \/>  <br \/>  You can find the full circular <a href=\"https:\/\/www.bdl.gov.lb\/files\/circulars\/int551.pdf\" target=\"_new\" rel=\"noopener\">here<\/a>. <br \/>  <br \/>  The decision is effective immediately. ","protected":false},"excerpt":{"rendered":"<p>According to a new circular issued by the Central Bank of Lebanon earlier today, non-banking institutions that carry out electronic financial transactions can no longer give out dollars to customers.<\/p>\n","protected":false},"author":0,"featured_media":436351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ai_generated_summary":"","_preview_accessed":0,"footnotes":""},"tags":[],"media-embed-type":[],"class_list":["post-59830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"authorship":[180],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Breaking: Non-Bank Institutions Can No Longer Give Out Dollars<\/title>\n<meta name=\"description\" content=\"According to a new circular issued by the Central Bank of 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