Public Actions
Banque du Liban extends Circular 161 until March 31, 2022
Date:
Wednesday, February 23, 2022
Lebanon’s central bank yesterday extended the deadline for Circular 161, allowing it to continue to pump US dollars into the currency market until at least the end of March. Under the circular, the bank will continue selling dollars to commercial banks in exchange for lira at the Sayrafa rate to meet demand. This process allows banks to sell US dollars in unlimited quantities to their clients.
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