Regulatory Alerts2020-06-08 | 13233Circular Decision No. 13233: Amendment of the Central Office System for Returned Cheques
The Governor of the Central Bank of Lebanon issued Circular Decision No. 13233 to amend the Central Office System for Defaulting Customers by extending the settlement grace period for returned cheques. The amendment adds a specific three-month window from March 15, 2020, to June 15, 2020, which counts toward the standard fifteen-day period allowed for clearing returned cheques. This measure takes immediate effect and is published in the Official Gazette to ensure continuity of public financial services amid coronavirus-related disruptions.
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