Public Actions

Banque du Liban extends Circular 158 for one year

Date: 
Wednesday, June 22, 2022

The central bank has renewed Circular 158 for one year. Under Circular 158, depositors can withdraw up to $800 a month, $400 in dollar notes, and the other $400 in lira at the LL12,000 rate. Circular 158 applies only to foreign currency deposits made in commercial bank accounts before the end of October 2019/

Under the terms of Circular 158, clients with eligible commercial bank accounts will continue to withdraw up to $800 monthly. Commercial banks will pay out half of the $800, or $400, in dollar banknotes, while the other half will be paid out in lira at a rate of LL12,000 to the US dollar, which will total LL4.8 million. Half of the lira amount, or LL2.4 million, can be withdrawn in cash, while the other half can only be accessed by payment cards, checks or transfers to pay for taxes, fees, loans in lira and other expenses such as electricity bills, water bills, fixed line and mobile bills.

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