Regulatory Rules of Circular 7926 Concerning Banks' Foreign Currency Investments at BDL, Monetary Reserve Requirements and Minimum Special Reserves for Islamic Banks

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Circular No. 694 For Banks

We enclose, in reference, a copy of Circular Decision No. 13633 dated May 20, 2024, concerning the amendment of:

• Basic Circular No. 7935 dated September 27, 2001 (Implementing Provisions of Basic Circular No. 7926 dated September 20, 2001 (Mandatory Bank Investments)) attached to Basic Circular No. 87.
• Basic Circular No. 9763 dated November 9, 2007 (Mandatory Monetary Reserve and Minimum Special Reserve for Islamic Banks and Their Mandatory Investments) attached to Basic Circular No. 113.

Beirut, May 20, 2024 Acting Governor of the Central Bank of Lebanon Dr. Wissam Al Mansouri

Circular Decision No. 13633 Amendment of Basic Circular No. 7935 dated September 27, 2001 and Basic Circular No. 9763 dated November 9, 2007

The Governor of the Central Bank of Lebanon, Pursuant to the Monetary and Banking Law, particularly Articles 17 and 70 thereof; Pursuant to Basic Circular No. 7935 dated September 27, 2001 and its amendments concerning the implementing provisions of Basic Circular No. 7926 dated September 20, 2001 (Mandatory Bank Investments); Pursuant to Basic Circular No. 9763 dated November 9, 2007 and its amendments concerning the mandatory monetary reserve, minimum special reserve for Islamic banks, and their mandatory investments; Pursuant to Basic Circular No. 13611 dated February 2, 2024 concerning exceptional procedures for settling foreign currency deposits created after October 31, 2019; Pursuant to the decision of the Central Council of the Central Bank of Lebanon taken in its session held on May 17, 2024;

Decrees the following:

Article One: The text of Form (10-RO) attached to Basic Circular No. 7935 dated September 27, 2001 is repealed and replaced by the new text attached to this decision.

Article Two: The text of Form (20-RO) attached to Basic Circular No. 9763 dated November 9, 2007 is repealed and replaced by the new text attached to this decision.

Article Three: This decision shall take effect as of Thursday, June 6, 2024, until Wednesday, June 12, 2024.

Article Four: This decision shall be published in the Official Gazette.

Beirut, May 20, 2024 Acting Governor of the Central Bank of Lebanon Dr. Wissam Al Mansouri

Central Bank of Lebanon Statistics and Economic Research Department Foreign Currency Liabilities Subject to the 14% Ratio Imposed under Basic Circular No. 7926 Attached to Basic Circular No. 86 and Basic Circular No. 7935 (Attached to Basic Circular No. 87) Form -10RO Average between _______________ and_________________ Bank Number: Bank Name (in thousands of US Dollars):

Code	Description
20100	Other non-resident issuing institutions
20180	Less: Accrued but unpaid interest (non-resident)
20200	Non-resident commercial banks
x20200	Less: New accounts subject to Basic Circular No. 150
20250	Less: Credit accounts against debit accounts (non-resident)
20280	Less: Accrued but unpaid interest (non-resident)
20300	Non-resident medium and long-term credit institutions
x20300	Less: New accounts subject to Basic Circular No. 150
20370	Less: Credit accounts against debit accounts (non-resident)
20380	Less: Accrued but unpaid interest (non-resident)
20500	Resident and non-resident financial institutions
x20500	Less: New accounts subject to Basic Circular No. 150
20560	Less: Credit accounts against debit accounts
20580	Less: Accrued but unpaid interest
23900	Other resident and non-resident financial sector institutions
x23900	Less: New accounts subject to Basic Circular No. 150
23960	Less: Credit accounts against debit accounts
23980	Less: Accrued but unpaid interest
20800	Customer deposits (resident and non-resident)
x20800	Less: New accounts subject to Basic Circular No. 150
s20800	Less: Special accounts subject to Basic Circular No. 154
y20800	Less: Exchange accounts subject to Basic Circular No. 157
g20800	Less: Special branch accounts subject to Basic Circular No. 158
r20800	Less: Special branch accounts subject to Basic Circular No. 166
20871	Less: Insurance for import letters of credit
20890	Less: Credit accounts against debit accounts
20895	Less: Accrued but unpaid interest
24300	Deposits from credit agreements (resident and non-resident)
x24300	Less: New accounts subject to Basic Circular No. 150
24301	Less: Accrued but unpaid interest
20900	Public sector deposits
x20900	Less: New accounts subject to Basic Circular No. 150
20980	Less: Accrued but unpaid interest
21000	Payment values for residents and non-residents
x21000	Less: New accounts subject to Basic Circular No. 150
21210	Other debtors - private sector (resident and non-resident)
x21210	Less: New accounts subject to Basic Circular No. 150
21221	Other debtors - public sector (current accounts)
x21221	Less: New accounts subject to Basic Circular No. 150
21300	Partners - resident and non-resident
x21300	Less: New accounts subject to Basic Circular No. 150
s21300	Less: Special accounts subject to Basic Circular No. 154
y21300	Less: Exchange accounts subject to Basic Circular No. 157
g21300	Less: Special branch accounts subject to Basic Circular No. 158
r21300	Less: Special branch accounts subject to Basic Circular No. 166
21325	Less: Accrued but unpaid interest
21330	Less: Cash advances designated to cover reserve fund shortages
21350	Less: Deposits designated to increase own funds
z21700	Bonds and similar instruments (maturity one year or less)
21748	Less: Accrued but unpaid interest at fair value against profit and loss account
21755	Less: Accrued but unpaid interest classified at amortized cost
23000	Foreign branches
x23000	Less: New accounts subject to Basic Circular No. 150
23050	Less: Credit accounts against debit accounts
23080	Less: Accrued but unpaid interest
z23100	Head office, parent institution, sister and subsidiary banks and financial institutions (excluding resident banks)
x23100	Less: New accounts subject to Basic Circular No. 150
23150	Less: Credit accounts against debit accounts
23180	Less: Accrued but unpaid interest
z24600	Certificates of deposit at fair value against profit and loss account (maturity one year or less / excluding those sold to resident banks)
24680	Less: Accrued but unpaid interest
z24700	Certificates of deposit at amortized cost (maturity one year or less / excluding those sold to resident banks)
24780	Less: Accrued but unpaid interest
99999	Total liabilities (resident, valued in US Dollars)

Note: Review of Basic Circular No. 7926, Article One: Bonds and certificates of deposit issued by banks, and loans obtained from the financial sector with a remaining maturity of one year or less for each. Name: ------------------------------ Signature: -----------------------------

Foreign Currency Liabilities of Islamic Banks Subject to Circular No. 9763 _____ Number: Form -20RO Average of the week ending //____ Islamic Bank Name: (in thousands of US Dollars)

Code	Description
201000	Issuing institutions - non-resident
202000	Non-resident banks and resident/non-resident financial institutions (1)
x20200	Less: New accounts subject to Basic Circular No. 150
203000	Foreign branches
x20300	Less: New accounts subject to Basic Circular No. 150
204000	Parent institution and sister/subsidiary companies (resident/non-resident, excluding resident banks)
x20400	Less: New accounts subject to Basic Circular No. 150
205000	Public sector accounts
x20500	Less: New accounts subject to Basic Circular No. 150
206000	Investment accounts - customers (resident and non-resident)
x20600	Less: New accounts subject to Basic Circular No. 150
s20600	Less: Special accounts subject to Basic Circular No. 154
y20600	Less: Exchange accounts subject to Basic Circular No. 157
g20600	Less: Special branch accounts subject to Basic Circular No. 158
r20600	Less: Special branch accounts subject to Basic Circular No. 166
207000	Credit partner accounts - resident and non-resident
x20700	Less: New accounts subject to Basic Circular No. 150
s20700	Less: Special accounts subject to Basic Circular No. 154
y20700	Less: Exchange accounts subject to Basic Circular No. 157
g20700	Less: Special branch accounts subject to Basic Circular No. 158
r20700	Less: Special branch accounts subject to Basic Circular No. 166
207900	Less: Accounts to cover bad debt losses
209000	Issued sukuk - resident and non-resident
209800	Less: Accrued but unpaid liabilities
211000	Current liabilities (resident and non-resident)
212110	Other debtors, private sector - resident and non-resident
x21211	Less: New accounts subject to Basic Circular No. 150
212300	Payment values – resident and non-resident
x21230	Less: New accounts subject to Basic Circular No. 150
299999	Total liabilities (valued in thousands of US Dollars)

Foreign Currency Investment Accounts Subject to Minimum Reserve at Islamic Banks 322000 | Required investment account liabilities 999999 | Total liabilities and required investment accounts (valued in thousands of US Dollars)

Fax Number: ______________________________________ Responsible Person Name:________________________ Signature: ___________________

(1) This amount represents a portion of the figure in item 202000 (banks and financial institutions) in Form 3010.