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Today, Monday, the “Student Dollar” law was issued, which aims to force banks operating in Lebanon to spend ten thousand dollars according to the official dollar exchange rate for the 2020-2021 academic year for Lebanese university students who study abroad. The Presidency of the Republic noted that President Michel Aoun signed the law last Friday, after it was approved by Parliament.
What is in the text of the law?
Article 1: Banks operating in Lebanon must postpone a one-time financial transfer of a value of US $ 10,000 for each Lebanese university student enrolled in universities or colleges outside of Lebanon before the year 2020-2021, from their accounts or the accounts of their parents or those who do not have accounts. In banks, in foreign currency or in Lebanese national currency according to the official exchange rate of the dollar 1515 LL And after the banks did what was necessary to verify the right of the beneficiary to:
Current registration certificate from the university or technical institute.
– Declaration of payments from universities or technical institutes before 12/31/2020.
– The current housing lease contract or the receipt of the last monthly payment.
Second topic: This law will take effect as of its publication in the Official Gazette. “
A special thanks to the Resistance Loyalty Bloc
In this context, the Association of Families of Lebanese Students Abroad thanked all those who contributed to the approval of the Student Dollar Project.
In a statement, he added, “it is enough that the assembly is proud to be the owner of the idea of the student dollar, which was adopted by the Al-Wafa block and with the approval of all parliamentary blocks, which was completed and transferred to the Palace. Republican”.
The association extended its gratitude and appreciation to Presidents Aoun and Berri and to all the parliamentary blocs that contributed to its approval, especially the bloc of loyalty to the resistance that embraced the project and got tired of us and shared our concerns from the beginning, especially MP Dr. Ihab Hamadeh and Dr. Ali Fayyad.
DollarResistance loyalty block