The Association of Banks in Lebanon approved Sunday a set of temporary directives for commercial banks that include a $1,000 cap on weekly withdrawals from US dollar accounts, the association said on Sunday.
The directives also include allowing hard currency transfers abroad only in order to cover urgent personal spending, a statement by the association said.
The statement said that no restrictions will be imposed on checks, credit cards or internal transfers within Lebanon.
The association said the steps were intended to standardize and regulate the work of banks amid the country's "exceptional circumstances."