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Published 2 years ago

Lira climbs to LL29,800 after surprise central bank announcement

Summary by Ground News
In a statement released Friday afternoon, the central bank advised all citizens and companies looking to convert their Lebanese lira cash to US dollars, to apply through banks starting Monday. Conversions will be executed at the Sayrafa rate and will be completed within 24 hours. Losses of the lira were approaching 30 percent since parliamentary elections on May 15.

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