Regulatory Alerts2025-02-20 | 13703Central Decision No. 13703 on Exchange Operations at Banks and Financial Institutions
Banque du Liban issued Central Decision No. 13703 to amend Basic Decision No. 6568 regarding the foreign exchange position limits for banks and financial institutions. The decision mandates that banks with net open currency positions exceeding 1% of basic net own funds must liquidate breaches in long or short FX positions by December 31, 2025. Non-compliant institutions face a penalty of paying a special foreign exchange reserve at Banque du Liban equal to three times the breach, calculated using the official platform rate and accruing one month per day of delay after the deadline.
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