The daily Al Liwaa indicates that some banks will refuse to implement circular 158 of the Banque du Liban despite assurances from the Association of Banks of Lebanon. In question, the Banque du Liban would not have specified the mechanisms of implementation of the said circular or the lack of sufficient cash liquidity in foreign currencies within their establishments.

Thus, these banks would refuse to allow their customers to have 400 USD per month in cash in addition to the Lebanese pound equivalent at the rate of the electronic platform, ie 12,000 LL / USD.

Observers of this file have already been wondering for several months about the real capacity of Lebanese banks to respect this circular, considering them to be in default of payment for most of them.

Newsdesk Libnanews
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