arached wrotebecause those rates are mostly based on the black market rates which causing the people to think this is the rate that's given by any exchanger. So when the people go to an authorized exchanger and get the 3200 rate, they are refusing because these application says it's higher even so it's the black market rate. And for those that knows its only the black market rate, when the see the difference they wont go to an authorized exchanger. Limit the resource of black market information to the people and they'll have to go to the authorized ones.
That the whole point there, they should obey the BDL rate and not the black market rate. The issue here is that no one is controlling the exchange rate and they all go with the flow and play with the rate as they like for their benefits causing more damage. This should be stopped and controlled by the BDL setting an official exchange rate for all the exchangers to work with
But that's not how basic economics work, you've cut off the source of USD to the country (blocking USD money transfers via MoneyGram/WU, airports closed, etc.), you expect a soaring demand in USD, many people will be willing to exchange their LBP for USD out of necessity (put aside as a safe haven).
Let us assume all exchanges operate by following the 3200LBP per dollar law, they will eventually run out of USD, leading to an increase in demands to BDL, forcing BDL to price USD to an even higher rate. BDL wins, the people win, exchange houses lose.
The exchanges aren't following the application prices, the people are. The exchanges set their own price (based on supply/demand), the applications reflect their price, the people know what price to expect. (Hence making exchanges that overprice it know they are.). Exchanges only look at these apps to know whether they underpriced the market and regulate.
It seems more or less fishy to me: you can't tell the world how much our lira actually costs, we told you it's 1515 but you can't buy usd with it, if you want usd it's 3200 but good luck finding an exchange which will sell you, most exchanges won't sell you for less than X amount, but oh wait, you'll never know what X is since we blocked the freedom of speech on LBP pricing against the USD.