Regulatory Alerts2024-11-26 | 13680Exceptional measures for the gradual withdrawal of deposits in foreign currencies
The Central Bank of Lebanon, through Acting Governor Dr. Wissam Al Mansouri, issued Intermediary Decision No. 13680 to amend Basic Decision No. 13335, introducing exceptional measures for the gradual withdrawal of foreign currency deposits. The decision modifies eligibility criteria and withdrawal ceilings, setting adjusted annual limits of $6,400 and $4,800 for specified customers while extending the current withdrawal cycle to June 30, 2025. It further clarifies joint account benefits, mandates additional payments in November 2024 through January 2025, and secures liquidity using banks' mandatory foreign currency allocations at the Central Bank.
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