Regulatory Alerts2023-01-20 | 13527Exceptional Measures for the Gradual Withdrawal of Deposits in Foreign Currencies
The Central Bank of Lebanon issued Interim Decision No. 13527 to amend Basic Decision No. 13335, establishing revised exceptional measures for the gradual withdrawal of foreign currency deposits. The decision replaces previous limits by allowing account holders to withdraw up to USD 800 annually in US dollars and an additional equivalent of USD 400 in Lebanese Lira, with payments split between cash and bank cards or utility bills at a fixed rate of 15,000 Lira per dollar. These revised withdrawal mechanisms take effect on February 1, 2023, and apply to all banks without imposing direct or indirect fees on the transactions.
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