Regulatory Alerts2024-12-24 | 13684Exceptional Measures for the Repayment of Foreign Currency Deposits Constituted before 30 June 2023
Banque Liban (Central Bank of Lebanon) issued Interim Decision No. 13684 amending Base Decision No. 13611 to extend exceptional foreign currency deposit repayment measures for accounts constituted before June 30, 2023. The amended Clause 3 mandates two additional withdrawals in October 2024 and one payment each in November 2024, December 2024, and February 2025, subject to specific submission deadlines ranging from September to December 2024. It also raises the annual withdrawal cap across all banks to USD 2,550 for the current cycle ending June 30, 2025, while allowing account holders with insufficient special sub-account balances to request balance increases and defer remaining additional payments until funds become available.
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