Lebanon

Will Banks and BDL Be Able to Sustain $400 Monthly Payment to Depositors for Next Five Years?

Most Lebanese banks seemed willing to meet the Central Bank’s instructions to allow depositors who had foreign currency accounts before October 17, 2019, to start withdrawing $400 banknotes and its equivalent in pounds based on BDL’s exchange platform rates although some were not sure if these cash payments can be sustainable the second year.

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