BDL Asks Banks Not to Impose New Terms on Circular 158

  • Economics
BDL Asks Banks Not to Impose New Terms on Circular 158

The Central Bank on Friday asked Lebanese lenders to stick to the conditions of Circular 158 only and not to add new clauses and conditions in the contract with depositors who should benefit from the new decision.

BDL’s statement was released after a number of complaints from depositors who said that their banks have added clauses in the contract that makes it very difficult for the clients to withdraw $400 a month plus the equivalent of $400 in Lebanese pounds at the platform’s rate of LL12,000 to the dollar.

Read the full article at The Daily Star: https://bit.ly/2T081ut

Source: The Daily Star