Lebanese students abroad will be able to get their tuition transferred from Lebanon in USD in order to continue their studies, according to the Association of Banks in Lebanon (ABL).
This comes after both the Lebanese Central Bank and the caretaker government have requested from Lebanese banks to ensure the provision of funds to the students and implement the Student Dollar law, which banks have been delaying or ignoring since it was issued.
In a statement to Lebanese banks, ABL Secretary-General Makram Sader expressed that ABL was keen on contributing to enabling students studying abroad to complete their academic achievements and return to Lebanon that is in dire need of their brainpower.
Sader recommended that all banks stay committed to the implementation of transfers to Lebanese students who were registered in universities in 2019, based on the circular of the Central Bank.
He also advised banks to make sure that the students were actually enrolled at the universities.
The Association for Parents of Students in Foreign Universities warned of insurgents who would take advantage by pretending their children were studying abroad.
