Public Actions
Banque du Liban extends Circular 161 until August 31, 2022
Date:
Thursday, July 28, 2022
The Lebanese central bank on Thursday extended Circular 161, and therefore its decision to intervene in the currency market, until the end of August, brushing aside claims about the negative impact of its strategy on foreign currency reserves. Circular 161 was originally released on December 16, allowing banks to sell dollars to depositors at the Sayrafa rate, and has been repeatedly renewed by the central bank since.
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