Regulatory Alerts2024-10-31 | 13673Exceptional measures for the gradual withdrawal of deposits in foreign currencies
The Central Bank of Lebanon issued Decision No. 13673 to amend Basic Decision No. 13335, extending exceptional withdrawal allowances for foreign currency deposits through October and November 2024. The revised framework increases the annual withdrawal cap to $6,000 and $4,500 for specified account holders, allows balance top-ups within the cap until June 30, 2025, and mandates full liquidity coverage from mandatory foreign currency investments. These adjustments apply to individuals who filed bank secrecy lifting requests before September 25 and November 1, 2024, ensuring continued gradual repayment under current exceptional economic conditions.
Share