Regulatory Alerts2025-02-20 | 13702Exceptional measures for the gradual withdrawal of deposits in foreign currencies
The Central Bank of Lebanon (acting Governor) issued Intermediary Decision No. 13702 to amend Basic Decision No. 13335, adjusting monthly foreign currency withdrawal caps and liquidity funding mechanisms for banks. The revised framework sets a $500 monthly cash withdrawal limit per account holder, with annual caps of $7,200 for pre-July 2023 beneficiaries and $5,900 for others, while mandating that portions of monthly payments under $400 (or $300 for newer clients) be funded half from correspondent liquidity and half from mandatory foreign currency investments. The decision, effective March 1, 2025, ensures proportional distribution for joint accounts and holds banks accountable for the proper use of transferred liquidity.
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