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Lebanon and the IMF discuss banking reforms and the financial gap

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Lebanon and the IMF discuss banking reforms and the financial gap
Via Al Manar
WHAT TO KNOW

Al Manar: Negotiations between the IMF and the Lebanese state began today at the Lebanese Ministry of Finance building, chaired by Minister Yassine Jaber and attended by Economy Minister Amer Bisat, Banque du Liban Governor Karim Said, and a number of officials and directors. The talks, which continue until Friday, focus on reforming the sector…

Machine translation of an attributed source excerpt. Consult the original report to verify details. Translated from original reporting in another language.

THE CONTEXT

Lebanon’s deposit restrictions: how withdrawal limits changed

Access to bank deposits became restricted in October 2019. Successive Banque du Liban circulars created limited repayment channels; higher monthly allowances do not mean unrestricted access to the remaining balance. Here are the milestones behind today’s withdrawal headlines.

  1. The banking crisis restricted depositors’ ability to use their money freely, particularly foreign-currency deposits. The restrictions began in 2019, before the crisis deepened in 2020.

    Banque du Liban · 11 May 2026 ↗
  2. Following the February decision, the monthly allowance rose to $500 under Circular 158 and $250 under Circular 166. These were programme limits for eligible depositors, not a universal $500 withdrawal entitlement.

    Credit Libanais Economic Research Unit · February 2025 ↗
  3. The monthly totals became $1,000 under Circular 158 ($800 available as cash plus $200 for card purchases) and $500 under Circular 166 ($400 cash plus $100 for card purchases). The extra card allowances could not be withdrawn as cash.

    Bank Audi · cash and card breakdown ↗
    Bank of Beirut · effective 1 December 2025 ↗
Explore the background and sources ↗

Sources checked: 2026-11-04

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