Regulatory Alerts2024-02-02 | 13614Exceptional measures for the gradual withdrawal of deposits in foreign currencies
The Acting Governor of the Central Bank of Lebanon issued Intermediary Decision No 13614 to amend Basic Decision No 13335 regarding the gradual withdrawal of foreign currency deposits. The amendment stipulates that once an account holder benefits from this Decision, they are automatically excluded from simultaneously benefiting under Basic Decision No 13611 for any of their accounts, whether held individually, jointly, or in association with a bank. The Decision takes immediate effect upon issuance and is formally published in the Official Gazette following consultation with the Lebanese Banks Association.
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