Regulatory Alerts2023-07-05 | 13562Exceptional measures concerning cash withdrawals from foreign currency bank accounts
The Central Bank of Lebanon, through Intermediary Decision No. 13562 dated July 5, 2023, amends and extends Main Decision No. 13221 to permit Lebanese banks to sell foreign currency cash withdrawals and cash box operations directly to the Central Bank in exchange for Lebanese Lira, subject to client consent. The amended Article One establishes a monthly ceiling of US$15,000 per account for these transactions at an official exchange rate of 1,600 Lebanese Lira per US dollar. The decision extends the validity of these exceptional cash withdrawal measures until December 31, 2023 and takes immediate effect upon publication in the Official Gazette.
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