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Banque du Liban wants to write off 188 money changers

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Beta translationThis article is an automated beta translation. Please use caution and verify sensitive details against the French original when needed.

The Banque du Liban has indicated that it wishes to write off 188 stockbrokers accused of not respecting the commitments to record the transactions carried out on its Sayrafa electronic exchange platform.

This delisting could take place within 40 days, the press release said.

The latter are also accused, according to some sources, of selling foreign currency at parity on the black market. A stockbroker notes that it is impossible for him to respect the parity of Sayrafa because of the important difference between it and that of the black market. He therefore indicates that it would be more appropriate for him to close his business before accusing the governor of the Banque du Liban of having given the Lebanese banks the benefit of the liquidity injected last month and not the stockbrokers.

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