Regulatory Alerts2020-10-09 | 13282Exceptional measures concerning cash withdrawals from foreign currency bank accounts
The Governor of the Central Bank of Lebanon issued Central Decision No. 13282 to amend and extend Decision No. 13221 until March 31, 2021, requiring Lebanese banks to settle foreign currency cash withdrawals and cash box operations in Lebanese Lira at the electronic exchange platform rate upon client approval. The revised Article One preserves the foundational framework of Decision No. 13217 while explicitly mandating that banks convert requested foreign currency amounts into Lebanese Lira according to approved platform rates and internal bank limits. This decision takes immediate effect upon issuance, is published in the Official Gazette, and applies uniformly to all banks operating in Lebanon.
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