Regulatory Alerts2024-10-10 | 13671Exceptional Measures for the Repayment of Foreign Currency Deposits Constituted Before 30 June 2023
The Central Bank of Lebanon issued Decision No. 13671 to amend Decision No. 13611 and Circular No. 166, establishing exceptional repayment measures for foreign currency deposits constituted before 30 June 2023. The decision clarifies eligible depositor categories, including those with allocated funds, Sayrafa scheme participants, and accounts meeting specific balance thresholds between 300,000 and 750,000 currency units. It mandates banks to verify certificates and execute repayments in accordance with the approved yearly cycle from 1 May to 31 August, ensuring operational compliance across all Lebanese banks.
Share