2 ms·
I remember reading that Lebanon had been experiencing a dual exchange rate phenomenon. In which the official one is much less than the market rate. This has hap
by el-salvador 5y ago
I remember reading that Lebanon had been experiencing a dual exchange rate phenomenon. In which the official one is much less than the market rate. This has happened in other countries like Argentina and Venezuela before too
If this were the case. The benefits of using a foreign card would depend on the exchange rate in which card payments are settled.
Are Lebanon's card transactions with foreign cards settled at the official or at the market exchange rate? Is the difference between both rates still significant?