Source: Kataeb.org
Monday 24 April 2023 13:46:45
The government's coverage of the exceptional measures adopted by the Central Bank, in cash liquidity management and the organization of withdrawals from banks, constituted the legal solution available to impose equality among depositors under unified regulatory standards related to withdrawals and transfers.
Asharq Al-Awsat reported that "It is expected that the government's decision will put an end to the growing ambiguities regarding the cash distributions to depositors, due to the government's discretion to determine the monthly quotas available for deposit withdrawals, or to local and foreign judicial decisions based on lawsuits filed by resident and non-resident clients".
According to the information, the Central Bank has approved imminent changes to the limits on the monthly amounts and the dollar exchange rate for withdrawals.
These changes increase the total monthly withdrawal amounts to about 40 million LBP (about 400 dollars) and the exchange rate to about 35,000 LBP.
They also emphasize banks' commitment to ensuring equality among all depositors.