Regulatory Alerts2021-12-23 | 13391Exceptional Restrictions Relating to Some Banking Operations
The Governor of the Central Bank of Lebanon issued Decision No. 13391 to amend Basic Decision No. 13353 by updating the reference rate for foreign currency trading with clients, excluding new funds, to 1,507.5 Lebanese Lira per US Dollar and aligning it with rates established in Decisions 13221 and 13356. The amendment mandates that banks conduct foreign currency transactions solely in accordance with this updated reference rate, at its value and cost. This decision takes effect immediately upon issuance and is published in the Official Gazette to enforce the exceptional restrictions on specified banking operations.
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