Circular to the Association of Banks … and these details



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The Association of Banks clarified, in a circular, that “In accordance with the Banque du Liban, and with respect to documentary credits for the benefit of importers of medicines and medical supplies, we ask the banks not to ask interested parties to provide the 15% cash rate in foreign currency, but instead post the amount to the customer’s account in their own currencies, if any, or Accept a transfer from another bank to their bank or have the customer provide a check from currencies that you enter into your account with you.

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