BDL: Dollar Deposits Can Be Withdrawn in Stages as of June

  • Economics
BDL: Dollar Deposits Can Be Withdrawn in Stages as of June

The Central Bank said Sunday that deposits in all currencies dating back before Oct. 17, 2019, and as they became on March 31, 2021, can be withdrawn but in stages as of June of this year, a move that still raises many questions.

BDL said in a statement that it is currently negotiating with Lebanese banks with the aim of adopting a mechanism whereby banks begin to gradually pay off depositsin all currencies.

But the statement did not specify whether the dollar deposits before the Oct. 17 anti-government protests would be subject to a haircut or can be withdrawn in installments.

Read the Full article at the Daily Star: https://bit.ly/3hfefAs

Source: The Daily Star