Regulatory Alerts2011-12-07 | 10853Capital of Money Dealers
The Central Bank of Lebanon, through Governor Riad Salamé, issued Basic Decision No. 10853 dated 7 December 2011 to establish minimum capital thresholds for money dealers, categorizing them into ten billion Lebanese Lira for Category A and five billion Lebanese Lira for Category B. This decision takes effect upon issuance, granting money dealers established prior to that date a maximum compliance deadline of 17 May 2023. Failure to meet these capital requirements or complete the necessary increase procedures by the deadline results in automatic license revocation and removal from the official registry.
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