Regulatory Alerts2024-11-26 | 13681Exceptional Measures for the Repayment of Foreign Currency Deposits Constituted before the 30th of June 2023
The Acting Governor of the Central Bank of Lebanon issued Decision No. 13681 to amend Basic Decision No. 13611, establishing exceptional repayment measures for foreign currency deposits constituted before June 30, 2023. The decision modifies eligibility criteria by excluding clients who simultaneously benefit from Basic Decision No. 13335, adjusts the annual withdrawal cap to $2,400 through June 30, 2025, and introduces three additional exceptional withdrawals in November, December 2024, and January 2024 based on specific bank secrecy lifting deadlines. Furthermore, it clarifies account holder balance top-up mechanisms, declaration procedures for the Central Service for Derivative Special Accounts, and updates related forms to streamline the settlement process.