Exceptional Measures for the Repayment of Deposits Constituted before June 30, 2023 in Foreign Currencies

Circular No. 769

To Banks

We hereby attach a copy of Central Bank Decision No. 13825 dated 4/6/2026 concerning the amendment of the Basic Decision No. 13611 dated 2/2/2024 (Exceptional Measures for the Repayment of Deposits Constituted before June 30, 2023 in Foreign Currencies), attached to Basic Circular No. 166.

Beirut, June 4, 2026

Governor of Banque du Liban

Karim Saeed

Central Bank Decision No. 13825

Amendment of Basic Decision No. 13611 dated 2/2/2024

The Governor of Banque du Liban, Pursuant to the Monetary and Loan Law, particularly Articles 70 and 174 thereof, Pursuant to Basic Decision No. 13611 dated 2/2/2024 and its amendments concerning exceptional measures for the repayment of deposits constituted before June 30, 2023 in foreign currencies, Pursuant to the decision of the Central Council of Banque du Liban taken during its session held on June 3, 2026, Decides as follows:

Article One: The text of item (6) under paragraph "Third" of Article Two of Basic Decision No. 13611 dated 2/2/2024 is repealed and replaced with the following: «-6 Persons who benefited from purchasing an amount equivalent to or exceeding $100,000 USD at the rate of the electronic foreign exchange platform "Sayrafa", except after settling the Additional Exceptional Tax in accordance with the provisions of Article 93 of Law No. 324 dated 12/2/2024 and presenting proof thereof.»

Article Two: The text of paragraphs "Second" and "Third" of Article Four of Basic Decision No. 13611 dated 2/2/2024 is repealed and replaced with the following: «Second: The subject matter of this Decision shall be transferred to the "Derived Special Account" an amount equivalent to $15,200 USD or less, depending on the amount available in the "Account Holder's" accounts at the bank in US Dollars or any other foreign currency, and this according to the client's wish, whereby they shall have the freedom to fully determine the value of the amount they can benefit from to deposit it in the "Derived Special Account" exceeding the amount corresponding to a single annual cycle. Third: In the event that an "Account Holder" has multiple accounts at the same bank, the "Account Holder" must specify the account or accounts from which the transfer will be made to the "Derived Special Account". In the event that the account is a joint or unified account, benefit shall be derived from it only up to a maximum amount of $15,200 USD. Joint account holders shall agree among themselves on the percentage of benefit each shall derive from the provisions of this Decision, and in the event that one party to the joint account decides not to benefit, any of the remaining parties to the account may benefit from the permitted maximum limit. In the event that a sole account exists for a joint account holder and they decide to benefit from the sole account, their partner may benefit from the joint account.»

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Article Three: The text of item (5) of Form No. (2) attached to Basic Decision No. 13611 dated 2/2/2024 is repealed and replaced with the following: «-5 Persons who benefited from purchasing an amount equivalent to or exceeding $100,000 USD at the rate of the electronic foreign exchange platform "Sayrafa" and have not settled the Additional Exceptional Tax in accordance with the provisions of Article 93 of Law No. 324 dated 12/2/2024.»

Article Four: This Decision shall take effect starting from July 1, 2026, such that the conditions of Basic Decision No. 13611 dated 2/2/2024, as amended by this Decision, shall apply for a period of one year, renewable or amendable, and shall remain in force until the release of all funds that can be transferred to the "Derived Special Account".

Article Five: This Decision shall be published in the Official Gazette.

Beirut, June 4, 2026

Governor of Banque du Liban

Karim Saeed