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ANALYSIS

Increase in bank withdrawal limits: Sign of strength or admission of weakness by BDL?

By permanently raising the limits of circulars No. 158 and 166, the central bank is once again trying to buy time, experts say.

Increase in bank withdrawal limits: Sign of strength or admission of weakness by BDL?

The headquarters of the Banque du Liban in Beirut. (Credit: Illustrative photo by João Sousa/ L'Orient Today)

By deciding to permanently raise the monthly withdrawal ceiling allowed for by some of its circulars, the Banque du Liban (BDL) is attempting to send positive signals about the fate of deposits blocked in banks. In a statement, the BDL announced it...