Close Menu
    Facebook X (Twitter) Instagram
    Monday, May 19, 2025
    961
    Instagram Facebook LinkedIn TikTok
    • Breaking News
    • Guides
    • Food & Drink
    • Listicles
    • Join the Team
    • Whatsapp
      • 961
      • 961 News
    • AUB Outdoors ☀️
    Advertise with Us Get the App
    961
    Home»News»Lebanon News
    Naharnet | Aawsat
    2 Mins Read

    Exchange Shops in Lebanon Are Refusing to Sell USD for a Week

    By Jasmin Lilian DiabMarch 13, 2020Updated:March 13, 2020
    Facebook WhatsApp Copy Link

    Exchange shops across Lebanon are refusing to sell U.S. dollars for an entire week after Lebanon’s Central Bank circular was issued to cap their foreign currency purchase rate at 2,000 LBP.

    The Daily Star reported having contacted on Friday multiple exchange offices to confirm the news in Beirut, and all offices claimed that “they had no more U.S. dollars to sell.”

    Most shops said that they were buying U.S. dollars from customers at 2,000 LBP in line with the Central Bank’s circular. But some were reported to have been buying at 2,500 LBP due to shortages.

    The Daily Star

    There are 305 licensed exchange offices across the country, while the number of unlicensed dealers is estimated to be around 400, according to the Head of the Syndicate of Money Changers, Mahmoud Murad.

    Unlicensed dealers, currently unmonitored, are reportedly selling the dollar at the rate of above 2,500 LBP or more.

    Alps Arabic Beirut

    The Central Bank circular, issued on March 6th ordered money changers to cap their foreign currency buy rates at 30 percent more than that of the official state-set rate.

    This equates to a buy rate of around 1,960 LBP to the American dollar. The circular eased the downfall of the Lebanese pound, which was trading at its worst at approximately 2,600-2,700 LBP prior to the Central Bank’s circular.

    The government has reportedly decided this week to start cracking down on the unlicensed exchange houses, yet no action has been reported so far.

    Share. Facebook Twitter LinkedIn WhatsApp Reddit Email

    For You

    uae travel ban lebanon 961

    UAE Is Officially Removing The Travel Ban On Lebanon

    Joe Issa El-Khoury 961

    Who is Joe Issa El-Khoury, Lebanon’s New Minister of Industry

    Adel Nassar 961

    Who is Adel Nassar, Lebanon’s New Minister of Justice

    Nizar Hani 961

    Who is Nizar Hani, Lebanon’s New Minister of Agriculture

    Charles Hajj 961

    Who Is Charles Hajj, Lebanon’s New Minister of Telecommunications

    Nora Bayrakdarian 961

    Who is Nora Bayrakdarian, Lebanon’s New Minister of Youth and Sports

    Ampere Cinema Reopens Its Doors In North Lebanon After 28 Years Of Absence

    20 Celebrities You Probably Didn’t Know Had Lebanese Roots

    April 22, 2019
    saint levant aub outdoors 2025 961

    Saint Levant Is Officially Headlining AUB Outdoors 2025!

    May 7, 2025

    Lebanon’s Shawarma Is Going Viral in The Philippines

    April 21, 2019

    20 Typical Lebanese Slang Expressions

    April 21, 2020
    dew apparel nada koussa miss lebanon 961

    Miss Lebanon Nada Koussa Just Launched A Sportswear Brand

    May 3, 2025
    Lebanese boutiques

    25 Boutiques In Lebanon To Find Your Dream Evening Dress This Wedding Season

    June 9, 2024
    nada koussa miss world miss lebanon 961

    Nada Koussa Just Left To Represent Lebanon At Miss World

    May 7, 2025
    arabic words

    30 Beautiful Arabic Words You Probably Want To Learn

    April 22, 2020
    Fattoush

    Lebanon’s Fattoush Ranked One of the Best Salads in the World (Again!)

    April 16, 2025
    961 Logo
    Facebook WhatsApp TikTok Instagram

    Popular Topics

    • Guides
    • Eat & Drink
    • Listicles
    • Lebanon News
    • Diaspora
    • Explained

    961

    • About
    • WhatsApp Channel
    • News WhatsApp Channel
    • Corrections Policy
    • Ownership & Funding

    Services

    • Advertise
    • Careers
    • App Waitlist
    • Contact Us
    • Newsletter
    961™ | All Rights Reserved ©2025
    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Okay