Here’s How Banks In Lebanon Will Pay Back USD Deposits Each Month

Here’s How Banks In Lebanon Will Pay Back USD Deposits Each Month

The Central Bank of Lebanon has issued a new circular including details about the decision to pay depositors at Lebanese banks their money in foreign currency. In the circular (No. 158), the Banque du Liban (BDL) instructed all banks operating in Lebanon to do what's necessary to secure the gradual payment of deposits in foreign currency, to accounts opened before October 31st, 2019. The Banking Control Commission will be following up on any complaints in this regard received from account [“¦]

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The Central Bank of Lebanon has issued a new circular including details about the decision to pay depositors at Lebanese banks their money in foreign currency. In the circular (No. 158), the Banque du Liban (BDL) instructed all banks operating in Lebanon to do what's necessary to secure the gradual payment of deposits in foreign currency, to accounts opened before October 31st, 2019. The Banking Control Commission will be following up on any complaints in this regard received from account [“¦]