Since the first of July 2021, Bank of Beirut has been implementing Banque du Liban Circular No. 158 as well as all related Intermediate Circulars concerned with the “Exceptional Measures for the Gradual Withdrawal of Deposits in Foreign Currencies”.

Eligibility

Banks identify the total balances of all foreign currency credit accounts held prior to October 31, 2019.
These balances are calculated as closed on June 30, 2021, on condition that this amount is still available on the date the Account Holder benefits from the provisions of this Circular, and that it does not exceed the balance available on October 31, 2019 after executing specific deductions.

- Eligible amount: a maximum of USD50,000 disbursed monthly as follows:

An amount of USD 500 to be paid either in cash &/or by transfer abroad &/or by Bank cards that can be used in Lebanon and abroad &/or deposited in a Fresh Account.

-Eligible currencies: All foreign currencies
-Eligible types of accounts: Individual accounts (Single, Joint, Co-Joint, Minor, Legal heirs, legatees)
-None-eligible types of accounts: Moral Persons, Establishments, Public Sector, Associations, NGOs, Financial Companies….., and clients who are subject to BDL Basic Circular No. 154 and did not transfer back the required amount.

* Eligible clients wishing to benefit from the Circular are invited to sign a Banking Secrecy Waiver waiving the banking secrecy on the Special Sub Accounts opened for the sole reason of benefiting from the Circular. Exclusively in favor of the Central Bank of Lebanon and the Banking Control Commission of Lebanon.

Complaints

Bank of Beirut welcomes any concern, recommendation, suggestion or complaint related to the application of the BDL Basic Circular No. 158 and all related Intermediate Circulars through the following channels:

- Fill in a complaint form available at the premises of our branches, mentioning that the complaints related to BDL Basic Circular No. 158.  Sign it, seal it and place it in the complaint box installed for this purpose.

- Submit an email to bobdirect@bankofbeirut.com.lb

“Terms and Conditions apply”, Our Customer Service remains available 24/7 to answer all queries related to the Circular, through its hotline 1262 from Lebanon or +9611886656 from abroad. You may also reach us through our social media platforms.

Click here to find answers to all questions related to the implementation of the BDL Basic Circular 158.