A Lebanese state prosecutor on Sunday banned traders and money exchangers from taking significant amounts of physical dollar currency out of the country at air and land borders, state news agency NNA said, APA reports quoting Reuters.
The order, which it said was issued by Public Prosecutor Ghassan Oueidat, imposed the ban until the central bank determines a new mechanism for regulating such transfers, NNA reported.
People had previously been able to take large sums of dollar cash out of Lebanon with a permit from customs authorities.
“The customs directorate will subject the transfer of funds to the mechanism that Lebanon’s central bank will determine,” NNA said.
Eleven days of nationwide protests have caused banks to be closed for eight working days. The country’s banking association said banks would remain closed until stability is restored, amid growing fears that a rush to withdraw savings when they reopen could deplete dwindling foreign currency deposits.
Separately, Central Bank Governor Riad Salameh said in a statement on Sunday that currency exchangers must be licensed by the central bank to move funds, do it through licensed companies or apply for a license.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
