After putting quotas for dollar withdrawals and spendings from banks, the BDL has issued yesterday a new circular forcing Lebanese banks to start lowering the ceiling of Lebanese pound cash withdrawals. In other words, your bank Lira, which Dan Azzi named “Bira”, is going to gradually start devaluating relative to your Cash Lira and as a result, people will now have to cut down, even further, on their consumption.

Read more about the reason behind this measure [here].