Regulatory Alerts2025-11-28 | 13770Exceptional measures for the gradual withdrawal of deposits in foreign currencies
Banque du Liban’s Governor issued Intermediary Decision No. 13770 to amend Basic Decision No. 13335, granting individual institutions and licensed associations access to a gradual foreign currency withdrawal scheme. The revised framework mandates a $1,000 monthly and $12,000 annual withdrawal cap per account holder, allocated as $800 in cash or transfers and $200 via POS cards, with a reduced annual cap of $11,000 for the current cycle ending June 2026. Furthermore, it requires account holders to exclusively waive banking secrecy on their Special Sub-Accounts in favor of the Central Bank and Banking Control Commission, while extending proportional withdrawal rights to joint account holders and unions.
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