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Parliament amends student dollar law to allow transfers for the current academic years and future years, but President Aoun withholds his signature

Date: 
Tuesday, December 7, 2021

The president has yet to sign the latest version of Law 193, known as the student dollar law. The law was initially approved in 2020.The student dollar law stipulates that commercial banks must allow account holders to transfer up to $10,000 at the official rate of LL1,515 to the US dollar to students who left Lebanon to study abroad before 2020. Before being amended, the law only allowed these transfers during the 2020-21 academic year. The amendment to this law, once signed, would make it applicable to all future academic years, as long as students left before 2020. It was amended by Parliament in December 2021, but Aoun has so far withheld his signature from the law.

 

Acting Bodies: 
Lebanese Parliament
Type: 
Laws
Categories: 
Economic measures (State budget, rent law, wages...)
Education
Impact: 
International
Status: 
On Hold
Civil Society Response: 
Contested