Regulatory Alerts2021-12-27 | 13393Exceptional measures concerning cash withdrawals from foreign currency bank accounts
The Governor of the Central Bank of Lebanon issued Circular No. 13393 on December 27, 2021 to reinstate Article Four of Circular No. 13221, thereby clarifying that all other US dollar transactions between banks and their customers remain subject to the rate determined by the Central Bank. This amendment addresses potential ambiguity arising from the repeal of Article Four in Circular No. 13377 and follows a Central Bank Council decision dated December 22, 2021. The measure takes effect immediately upon issuance and is published in the Official Gazette to ensure uniform application across the banking sector.
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