The required reserve imposed by the Banque Du Liban through article 76 of the Code of Money and Credit. 3- The premium of the deposit guarantee imposed on bank deposits to the profit of the National Deposit Guarantee Institution. A Law issued in December 1961, gave way to the opening of a joint account, which is an account opened in the name of several persons, allowing anyone of these persons to use it. On the other hand if one of the account holders is declared bankrupt, then the account becomes his or her property, unless proven otherwise. The bank is not entitled to issue any clearing for the different accounts of any account holder,without written approval from all the other partners.
Banking secrecy becomes non- applicable only if approved by all the partners.
If litigation befalls the different account holders, then the bank freezes the account from the day it receives the litigation notification and until the matter is settled by the court. Free capital flows with no restrictions on payment for capital or current transactions. A multi-currency system whereby foreign currencies circulate freely and the market is accessible to all. For every day small value transactions, cash is the most common form of payment. Moreover, since the Lebanese economy was dollarized, US dollars wander freely in the market.