161 Banque du Liban Circular

FAQs | 161 Banque du Liban Circular | Lebanon | Byblos Bank

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Byblos Bank

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161 Banque du Liban Circular

161 الرجاء الضغط هنا للاطلاع على نص تعميم مصرف لبنان الأساسي رقم

الرجاء الضغط هنا للاطلاع على النسخة العربية من الأسئلة المتكررة

 

Which procedure should I follow to withdraw/transfer my money and benefit from BDL Basic Circular 161? Do I need to visit the branch in person?

Visiting the branch is not necessary. You just need to use any Byblos Bank ATM to withdraw your money as follows:

  1. Select Cash withdrawals USD/LBP on the ATM screen
  2. Select Cash withdrawals USD on the ATM screen
  3. Input the amount you wish to withdraw
  4. Choose your eligible LBP account or USD (non-Fresh account) from the menu
  5. Get your Fresh USD banknotes 

 

If I already benefited from BDL Basic Circular 158, can I benefit from BDL Basic Circular 161 as well?

 
Yes, you can, knowing that the available cash amount could be withdrawn at Sayrafa rate while respecting the cash withdrawal limits of your LBP accounts. This is not applicable on your USD accounts except if you have a salary domiciliation account.

 

Which exchange rate will be applied on my withdrawal(s)?

The Bank will apply the Sayrafa exchange rate. This rate is declared on each working day through Byblos Bank mobile banking app, and is clearly mentioned on the ATM screen when performing your withdrawal transaction. 

Accordingly, this exchange rate will be applied on the conversion of your amount from LBP to USD.

 
 
Can I redeposit the withdrawn money into my LBP account?

Yes, you can perform an LBP Cash Deposit transaction on the ATM to withdraw again at Sayrafa rate.

 

Can I transfer from my LBP account to my USD account to benefit from BDL Basic Circular 161?

No, the circular only covers the money already available in your LBP account(s). However, you can make instant transfers from your USD account to your LBP account at market rate using the Mobile Banking application, and then withdraw based on the Sayrafa rate.

 

Can I make more than one withdrawal transaction?

Yes, you can make as many withdrawal transactions at Sayrafa rate as you want, as long as you do not exceed your daily, weekly, and monthly withdrawal limits in LBP, as well as the withdrawal limit set for Sayrafa.

 

What are my withdrawal limits?

The withdrawal limits in LBP are as follows:

 

 Net worth in LBP (Total in LBP and USD)
   Per Day    Per Week    Per Month
50,000,000   3,200,000    5,000,000   5,000,000
50,000,000 200,000,000   3,200,000    7,000,000   7,000,000
200,000,000  500,000,000    6,400,000    10,000,000    10,000,000
500,000,000  Above    6,400,000    15,000,000    15,000,000

 

As for Sayrafa withdrawal limit, it is set within the above limits with a maximum of USD 200 per day and USD 400 per week / month.

 

Until when can I benefit from BDL Basic Circular 161?

You can benefit from the BDL Basic Circular 161 until its expiry as set by BDL.

 

Will I be charged any fees?

No fees will be applied on any withdrawals related to BDL Basic Circular 161 from your LBP accounts. However, a fee amounting to approximately 0.67% per transaction (equivalent to LBP 1,000 at the official LBP/USD exchange rate) will be debited from your account upon withdrawals made from USD (non-Fresh) Accounts.