Regulatory Alerts2026-05-08 | 13816Foreign Exchange Operations at Banks and Financial Institutions
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13816 to amend Basic Decision No. 6568 regarding foreign exchange operations at banks and financial institutions. The decision establishes a 1% limit on net open long foreign exchange positions relative to core equity assets and mandates that banks settle any excess by December 31, 2026 under penalty of a triple-value Lebanese currency reserve calculated at the official platform rate. Furthermore, it repeals specific existing paragraphs and introduces a new mechanism allowing non-compliant banks to apply for approved additional long foreign exchange positions.
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