Regulatory Alerts2021-12-09 | 13377Exceptional measures concerning cash withdrawals from foreign currency bank accounts
The Central Bank of Lebanon issued Intermediary Decision No. 13377 to amend Basic Decision No. 13221, mandating an exceptional cash withdrawal mechanism for foreign currency accounts at a fixed rate of 8,000 Lebanese Lira per US Dollar. The framework allows customers to withdraw up to a 3,000 USD ceiling per account for non-trading operations, subject to mutual consent between the bank and the account holder. Additionally, the decision repeals designated prior provisions and extends the effective period of the amended measures until June 30, 2022.
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