Nidaa al Watan

Money changers did not start carrying out Sayrafa operations yesterday due to the banks suspending the strike and opening their doors to citizens to carry out "Sayrafa" operations.

Second, the reluctance of money changers to engage in these operations due to their lack of capacity.

Third, the absence of instructions from the Banque du Liban on the method and mechanism to be adopted to carry out this task.

Fourth, it is legally prohibited to “deposit money” with money changers.

Nidaa Al-Watan revealed that the number of licensed money changers is around 335, and they are divided into two categories: "A", which includes licensed money changers, and their number is around 48, of which the names are listed on the bank's website. These are characterized by their high capital. .

Class "A" capital is £10 billion for each branch, and it has the power to buy and sell bullion or ounces of gold, make transfers and accept checks. As for the “B” category, it only carries out regular foreign exchange work and its capital amounts to 5 billion pounds.