RegAlert

Rule · BDL · 28 Nov 2022 · 13505

Exceptional Measures for Cash Withdrawals

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The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13505 to amend Article Four of Basic Decision No. 13384, extending the validity period of exceptional cash withdrawal measures until December 31, 2022. Approved by the Central Bank Council on November 23, 2022, this decision replaces the original expiration clause with a renewable timeframe that takes immediate effect upon issuance. Financial institutions must apply these updated withdrawal conditions in strict compliance with Articles 174 and 70 of the Monetary and Loan Law.

LebanonBanque du Liban

Intermediary Circular No. 652

To Banks

Ref: Intermediary Decision No. 13505 dated 28/11/2022 regarding the amendment of the Basic Decision

We hereby submit to you a copy of Intermediary Decision No. 13384 dated 16/12/2021 (Exceptional measures for cash withdrawals) attached to Basic Circular No. 161.

Beirut, on 28 November 2022

Governor of the Central Bank of Lebanon

Riad T. Salameh

Intermediary Decision No. 13505
Amendment of Basic Decision No. 13384 dated 16/12/2021

The Governor of the Central Bank of Lebanon, pursuant to the Monetary and Loan Law, particularly Articles 174 and 70 thereof, pursuant to Basic Decision No. 13384 dated 16/12/2021 and its amendments concerning exceptional measures for cash withdrawals, and pursuant to the decision of the Central Bank Council taken in its meeting held on 23/11/2022, decrees the following:

Article One: The text of Article Four of Basic Decision No. 13384 dated 16/12/2021 is repealed and replaced with the following:
"This decision takes effect upon its issuance and its conditions apply for a period ending on 31/12/2022, subject to renewal."

Article Two: This decision takes effect upon its issuance.

Article Three: This decision is published in the Official Gazette.

Beirut, on 28 November 2022

Governor of the Central Bank of Lebanon

Riad T. Salameh

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Intermediary Decision No. 13505dated 28/11/2022 regarding the am…Not in RegAlertIntermediary Decision No. 13505 dated 28/11/2022 regarding the amendment of the Basic Decision — Not in RegAlertIntermediary Decision No. 13384dated 16/12/2021Not in RegAlertIntermediary Decision No. 13384 dated 16/12/2021 — Not in RegAlertExceptional Measures for CashWithdrawals2022-11-28 · this documentExceptional Measures for Cash Withdrawals (2022-11-28)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
  • Intermediary Decision No. 13384 dated 16/12/2021Not in RegAlert

    “Intermediary Decision No. 13384 dated 16/12/2021 (Exceptional measures for cash withdrawals)”

Issued under
  • Intermediary Decision No. 13505 dated 28/11/2022 regarding the amendment of the Basic DecisionNot in RegAlert

    “Ref: Intermediary Decision No. 13505 dated 28/11/2022 regarding the amendment of the Basic Decision”

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Source: Banque du Liban — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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