Regulatory Alerts2021-01-29 | 13309Opening of Bank Accounts (Decision No. 13309)
The Governor of the Central Bank of Lebanon issued Decision No. 13309 to amend Decision No. 13100 regarding the opening of bank accounts. The amendment adds Article 4 bis, requiring banks receiving foreign currency grants from international institutions or donor agencies to notify the Banking Control Commission of the received amounts and the applied exchange rate upon conversion to Lebanese Lira. This decision takes effect immediately upon issuance and is published in the Official Gazette.
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