
BDL Issues Circular to Regulate Foreign Transfers
This is Beirut, 01/07 18:15 - Reading : less than a minute
Banks Banque du Liban Central Bank of Lebanon lebanon
Banque du Liban (BDL) issued Circular No. 169 on Tuesday, introducing new restrictions on the transfer of deposits abroad in a bid to promote fairness among depositors amid Lebanon’s ongoing financial crisis. Under the new directive, banks are prohibited from transferring deposits outside Lebanon without prior approval from BDL. The measure is ...