Lebanon's Central Bank has announced that it will raise the withdrawal limits for Circular No. 158 and Circular No. 166. This change will take effect on March 1st, 2025, with the limit increasing to $500 per month for Circular No. 158 and $250 per month for Circular No. 166. What is Circular No. 158 and who is eligible to use it?

Prime Minister Nawaf Salam and his newly formed government approved a ministerial statement yesterday, outlining the priorities and commitments for the coming years, and for the first time in 25 years, scrapping the "resistance" clause. This long-awaited victory is expected to put Lebanon back on the right track and, hopefully, weaken—if not end—the divisive and destructive role of Hezb and its allies in the country. The key points from the ministerial statements were the following:…