The Lebanese Cabinet approved on Wednesday the long-awaited capital control law, which still needs final approval from the parliament.
The capital control law is one of the main recommendations of the International Monetary Fund (IMF) to secure a financial package aid.
Lebanon’s parliament was scheduled to discuss the bill on Tuesday’s session but members of the parliament asked the government to endorse the law officially.
Deputy Prime Minister Saade Chami explained that the law was approved with minor adjustments related to a committee to determine the terms and conditions for withdrawals in Lebanese Pound and foreign currency.
He added that the committee will now include two economic experts, a high-ranking judge, and representatives from the Central Bank and the Finance Ministry.