The Association of Banks in Lebanon announced joint measures to prevent capital flight and excessive cash withdrawals, including a weekly limit of $1,000 for withdrawals in foreign currency, Bloomberg reported Nov. 17.

Lebanon: Measures Put in Place to Prevent Capital Flight, Bank Runs

The Association of Banks in Lebanon has announced joint measures to prevent capital flight and excessive cash withdrawals, including a limit of $1,000 for withdrawals in foreign currency and urging consumers to use their credit cards over cash, Bloomberg reported Nov. 17.

Lebanon: Bank Association Announces Measures to Prevent Capital Flight, Bank Run as Banks Prepare to Reopen

Lebanon

Broken Contracts in the Middle East

The Association of Banks in Lebanon announced joint measures to prevent capital flight and excessive cash withdrawals, including a weekly limit of $1,000 for withdrawals in foreign currency, Bloomberg reported Nov. 17. 

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Lebanon: Measures Put in Place to Prevent Capital Flight, Bank Runs

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