The Lebanese Central Bank issued on June 21, 2022 intermediate decision 13447 under intermediate circular 626 which amends basic decision 13335 under basic circular 158 directed to banks concerning the gradual payment of foreign currency deposits. In details, intermediate circular 626 specifies eligible clients as those with term accounts or cash collateral accounts opened before October 31, 2019 on the condition that said term accounts have matured and that cash collateral accounts have been freed. Furthermore, the circular amendment allows the settlement of utility bills, taxes, issuance of checks and repayment of LBP loans from the credit card portion of the account, which stands at $200 per month at a rate of LBP 12,000 per USD. On the other hand, the new circular kept the LBP ($200 at LBP 12,000 per USD) and USD cash portions ($400 in USD bank notes) of the original circular intact. The circular added that banks are allowed to use foreign liquidity within the 3% threshold as specified in BDL basic circular 154 in order to provide liquidity required by circular 158, noting that the threshold must be replenished before December 31, 2023. The circular becomes effective as of July 1, 2022 and will remain applicable for one year thereof subject to modification or renewal.