NuclearVision wroteWhy doesn't the gov enforce the fixed rate or ban usd exchange.
I'm positive that exchangers are just making up these values.
There's no way that usd demand is increasing day after day
I already explained before that it's not the exchangers who control the blackmarket prices, I am not claiming it's BDL; in fact I'm sure it's BDL who's selling USD in the black market.
Yes the demand is increasing because of import but think of it. It all started a year ago when BDL started putting restrictions on money coming in USD from outside.
BDL needs money to pay the LBP debts to banks. Banks are getting this LBP from BDL and giving it to you instead of your USD. Plain and simple.
100 million USD was worth 150 billion LBP. It's now worth 200 billions.... 50 billions extra profit from nothing.
That's why they wanna keep the official exchange rate at 1515 just so that the banks won't crash,
Bankmed just sent this :
Dear Cardholder, kindly note that as of Dec 1, 2019 your LBP Debit card will be set for local use ONLY. Cash withdrawal limit is up to LBP 1 million daily and up to LBP 5 million weekly. For international spending apply for a prepaid card in USD or EUR. This is a temporary measure due to the exceptional circumstances prevailing in the country. For more details, call 1270 or visit
https://cutt.ly/teBFEJw