Regulatory Alerts2023-02-22 | 13535Exceptional Measures for Cash Withdrawals
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13535 to amend Article Four of Basic Decision No. 13384, extending the validity period for exceptional cash withdrawal measures until March 31, 2023, with renewal options. This amendment applies immediately upon issuance and is grounded in the Monetary and Loan Law (Articles 70 and 174) alongside a Central Council resolution dated February 22, 2023. The decision mandates immediate application of its terms and requires official publication to ensure regulatory compliance across Lebanese banking institutions.
Share