ABL and Sector News

Press Release - BDL Circulars nos. 148 and 149

April 05 2020

The ABL Board of Directors published the following press release:

1- The ABL welcomes the two basic circulars nos. 148 and 149 published by the Governor of the BDL (central bank) on the 3rd of April 2020, concerning the exceptional measures for cash withdrawals from small banking accounts and the purchase of foreign currency by the BDL. While waiting for the BDL to establish and run the electronic platform designed to determine the daily trading rates for foreign currencies, the banks will determine the daily exchange rate for the U.S. dollar in coordination with the Central Bank.

2- In the upcoming days, the ABL will prepare the information systems and administrative procedures necessary for the proper implementation of these two circulars. It also hopes that the Ministry of Interior  will include bank employees within the exceptions stipulated in Resolution No. 479 related to the alternate circulation policy, in order to facilitate and expedite the completion of the contents of these two circulars.

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