Exceptional Measures for Cash Withdrawals

Circular No. 618
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To Banks

Referring to Interim Decision No. 13425 dated March 30, 2022 regarding the amendment of Fundamental Decision No. 13384 dated December 16, 2021 concerning exceptional measures for cash withdrawals attached to Circular No. 161, we enclose a copy of Interim Decision No.

Beirut, on March 30, 2022

Governor of the Central Bank of Lebanon
Riad T. Salam

Interim Decision No. 13425
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Amendment of Fundamental Decision No. 13384 dated December 16, 2021

The Governor of the Central Bank of Lebanon,
Pursuant to the Monetary and Banking Law, particularly Articles 70 and 174 thereof; Pursuant to Fundamental Decision No. 13384 dated December 16, 2021 concerning exceptional measures for cash withdrawals; Pursuant to the decision of the Central Bank Council taken in its meeting held on March 30, 2022;

Has decided as follows:

Article One: Article Four of Fundamental Decision No. 13384 dated December 16, 2021 is hereby repealed and replaced with the following text:
"This decision takes effect upon its issuance, and its conditions apply for a period ending on April 30, 2022, subject to renewal."

Article Two: This decision takes effect upon its issuance.

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

Beirut, on March 30, 2022
Governor of the Central Bank of Lebanon
Riad T. Salam