Regulatory Alerts2023-09-15 | 13580Exceptional measures for the gradual withdrawal of deposits in foreign currencies
The Central Bank of Lebanon, acting through its Acting Governor Dr. Wissam Mansouri, issued Circular Decision No. 13580 to amend Basic Decision No. 13335 and establish tiered USD withdrawal limits for foreign currency deposits. The revised framework grants pre-July 2023 beneficiaries a $400 monthly and annual cap, while post-eligibility customers receive a $300 monthly and annual cap, with withdrawals permitted in cash, via foreign transfer, or through domestic/international bank cards and new "Account Fresh" accounts free of direct or indirect fees. These measures take full effect as of July 1, 2023, and the decision becomes operative immediately upon issuance.
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