Lebanese central bank orders wire services not to use dollars

central-bank-of-lebanon
The Central Bank of Lebanon

Lebanon’s central bank has ordered the country’s wire service offices to pay electronic money transfers in domestic currency only and not dollars, local media reported.

The Bank of Lebanon sent a circular to local wire services telling them to pay customers only in Lebanese pounds, local newspaper An-Nahar said. The move is another indication that Lebanon’s currency peg to the US dollar is under severe pressure.

Directors of the International Monetary Fund warned in June 2018 that “the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: