Lebanon: No ‘Haircut’ on Deposits

Lebanon: No ‘Haircut’ on Deposits

BDL is providing the liquidity needed by banks in both Lebanese pound and dollars, but under one condition that the dollars lent by BDL won't be transferred abroad.. "The declared policy of the Central Bank of Lebanon is not to bankrupt any bank preserving the depositors.. "All funds received by Lebanese banks from abroad after November 17th are free to be transferred out," it added on its official Twitter account..