Exceptional Measures Concerning Cash Withdrawals from Foreign Currency Bank Accounts

Circular No. 581

To Banks

We enclose herewith a copy of Intermediary Decision No. 13318 dated March 24, 2021 concerning the amendment of Basic Decision No. 13221 dated April 21, 2020 (Exceptional Measures concerning Cash Withdrawals from Foreign Currency Bank Accounts) attached to Circular No. 151.

Beirut, on March 24, 2021

Governor of the Central Bank of Lebanon

Riad T. Salame

Intermediary Decision No. 13318

Amending Basic Decision No. 13221 dated April 21, 2020 (Exceptional Measures concerning Cash Withdrawals from Foreign Currency Bank Accounts)

The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Loans Law, particularly Articles 174 and 70 thereof, and pursuant to Basic Decision No. 13221 dated April 21, 2020 concerning exceptional measures regarding cash withdrawals from foreign currency accounts, and based on the decision of the Central Bank Council taken in its meeting held on March 24, 2021,

hereby decides as follows:

Article One: The provisions of Basic Decision No. 13221 dated April 21, 2020 shall remain in force until September 30, 2021.

Article Two: This decision shall take effect upon its issuance.

Article Three: This decision shall be published in the Official Gazette.

Beirut, on March 24, 2021

Governor of the Central Bank of Lebanon

Riad T. Salame