“Lebanon’s Banque du Liban Delays Circular No. 161 Extension: Will Banking Trading Be Affected?”

Banking sources told “Lebanon 24”, today, Tuesday, that the Banque du Liban was supposed to issue a statement extending Circular No. 161 at the beginning of next June, but this matter has not happened so far, and added: “There is a possibility for this statement to be issued while This step may not happen either, like what happened about a month ago. At that time, the Central Bank did not issue a public circular as it used to do, but rather informed the banks to continue the circular implicitly.

And she added, “In practice, the Central Bank, when it informed the banks of the value of the exchange dollar for salaries, it would have automatically extended dollar withdrawals from all bank accounts belonging to citizens, and therefore there is no need at that time to issue a circular related to the 161 because it has become automatically valid.”

And whether the volume of trading on “banking” will decrease during the next few weeks, the sources said: “There are no indications of that, and the Central Bank continues to pump dollars and there are no significant problems whatsoever. This came in accordance with directives from the Banque du Liban.