Tensions at southern border force Lebanon to delay new FX platform ...Iraq

Shafaq News/ Months of shelling across Lebanon's southern border between armed group Hezbollah and Israel has delayed the launch of a currency exchange platform, a senior central bank source told Reuters on Wednesday. Lebanon's central bank in September said it was seeking to introduce a currency exchange platform run through Bloomberg after phasing out its own, known as Sayrafa, which had been criticised for a lack of transparency and governance. "What delayed us was the problems in the south and the inability (of foreigners involved in the launch) to come to Lebanon," the source said on condition of anonymity. Iran-backed armed group Hezbollah has traded fire with the Israeli militar

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Last updated : 10 January 2024 clock 08:52 PM

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