Regulatory Alerts2020-10-09 | 13281Purchase of Foreign Currencies in Cash by BDL
The Governor of the Central Bank of Lebanon issued Circular No. 13281 to extend the validity of Decision No. 13216, which regulates the purchase of foreign currency in cash by BDL, until March 31, 2021. Applicable to all banks and exchange houses, this amendment takes effect immediately upon issuance following Central Council approval on October 7, 2020. The decision is formally published in the Official Gazette to ensure compliance across the financial sector.
Circular No. 571
To Banks and Exchange Houses
We attach to you Circular No. 13281 dated October 9, 2020, regarding the amendment of a copy of Decision No. 13216 dated April 3, 2020 (Purchase of foreign currency in cash by BDL) attached to Circular No. 149.
Beirut, October 9, 2020
Governor of the Central Bank of Lebanon
Riad T. Salam
Circular No. 13281
Amending Decision No. 13216 dated April 3, 2020
The Governor of the Central Bank of Lebanon, Based on the Monetary and Loan Law, particularly Articles 70 and 146 thereof, Based on Decision No. 13216 dated April 3, 2020 regarding the purchase of foreign currency in cash by BDL, Based on the decision of the Central Council of the Central Bank of Lebanon taken in its meeting held on October 7, 2020,
Decides as follows:
Article One: The validity of Decision No. 13216 dated April 3, 2020 is extended until March 31, 2021.
Article Two: This decision takes effect upon its issuance.
Article Three: This decision is published in the Official Gazette.
Beirut, October 9, 2020
Governor of the Central Bank of Lebanon
Riad T. Salam