Region

Jurisdiction

Regulator

2021-12-23 | 13390

Exceptional Measures for Cash Withdrawals

The Governor of the Central Bank of Lebanon issued Interim Decision No. 13390 to amend Fundamental Decision No. 13384, extending the validity of exceptional cash withdrawal measures until January 31, 2022. The revised fourth article requires the decision to take immediate effect upon issuance and publication, apply retroactively to all transactions, and remain subject to renewal. This amendment operates under Articles 70 and 174 of the Monetary and Banking Law, ensuring continued regulatory flexibility for Lebanese banks.

Lebanon

Banque du Liban

Central Bank Circular No. 607

To Banks A copy of Interim Decision No. 13390 dated 2021/12/23 regarding the amendment of Fundamental Decision No. 13384 dated 2021/12/16 concerning exceptional measures for cash withdrawals, attached to Fundamental Circular No. 161. Beirut, on December 23, 2021 Governor of the Central Bank of Lebanon Riad T. Salame

Interim Decision No. [Number]

Amendment of the Fundamental Decision No. 13384 dated 2021/12/16 The Governor of the Central Bank of Lebanon, Pursuant to the Monetary and Banking Law, particularly Articles 70 and 174 thereof, Pursuant to Fundamental Decision No. 13384 dated 2021/12/16 concerning exceptional measures for cash withdrawals, Pursuant to the decision of the Central Bank Council taken in its meeting held on 2021/12/22, Hereby decides as follows: Article One: The fourth article of Fundamental Decision No. 13384 dated 2021/12/16 is hereby repealed and replaced with the following: "This decision shall take effect upon issuance and publication, apply retroactively to all transactions, remain valid until January 31, 2022, and be subject to renewal." Article Two: This decision shall take effect upon issuance and publication. Article Three: This decision shall be published in the Official Gazette. Beirut, on December 23, 2021 Governor of the Central Bank of Lebanon Riad T. Salame