Regulatory Alerts2025-02-20 | 13701Exceptional Measures for the Repayment of Foreign Currency Deposits Constituted before June 30, 2023
Banque du Liban, acting through its Governor, issued Central Decision No. 13701 to amend Basic Decision No. 13611 by modifying the withdrawal limits, funding mechanisms, and account structures for foreign currency deposits constituted before June 30, 2023. The amended decision raises the annual withdrawal cap from all banks to 2,950 USD (up from 3,000 USD for the current cycle), mandates that monthly payments under 150 USD be funded equally by bank liquidity and mandatory foreign currency reserves, and clarifies utilization rules for joint, shared, and individual derived special accounts. These adjustments take effect on March 1, 2025, and are designed to streamline cash withdrawals, offshore transfers, and new account deposits while ensuring adequate liquidity coverage.