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Asharq Al-Awsat

World

Beirut - Ali Zeinddine

Lebanon: Tenfold Increase in Customs Duties

United States Banque du Liban Lebanon Khalil BDL central bank

Lebanon's Central Bank governor Riad Salameh (Reuters)

The Ministry of Finance announced on Wednesday that the government will start collecting customs duties with a tenfold increase, starting the first of December.

The announcement came a day after the Governor of the Banque du Liban said that the official exchange rate of the dollar would be raised to LBP 15,000 as of February.

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