Public Actions
Banque du Liban extends Circular 151 until December 31, 2022
Date:
Wednesday, June 22, 2022
The central bank has extended Circular 151 until the end of the year, and includes withdrawals from dollar-denominated accounts at the rate of LL8,000 to one dollar. Circular 151 was last renewed in December when the central bank adjusted the rate from LL3,900 to LL8,000, when the lira was still trading around LL25,000 to the US dollar. Circular 151 applies to any deposit in US dollars.
Sources:
Acting Bodies:
Banque du Liban (BDL)
Type:
Resolutions
Categories:
Economic measures (State budget, rent law, wages...)
Impact:
National
Status:
Approved/ Ratified
Civil Society Response:
Not applicable