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ANALYSIS

Bloomberg platform: Why BDL remains reluctant to liberalize exchange rate

Over a year after initial announcements and repeated delays, BDL has made no progress in launching its new exchange platform.

Bloomberg platform: Why BDL remains reluctant to liberalize exchange rate

One of the main entrances to the Banque du Liban (BDL) in Beirut. (Credit: P.H.B./L'Orient-Le Jour)

This was intended to be a cornerstone project for the new leadership at Banque du Liban (BDL): the adoption of a new exchange platform to end the multiplicity of rates that have plagued Lebanon since the onset of its financial crisis. Following...
This was intended to be a cornerstone project for the new leadership at Banque du Liban (BDL): the adoption of a new exchange platform to end the multiplicity of rates that have plagued Lebanon since the onset of its financial crisis. Following...