Regulatory Alerts2023-12-28 | 13597Certificates of Deposit Issued by Banque du Liban, Issuing of Certificates of Deposit & Banking Certificates, Bonds, Accounts Held in Foreign Currencies at BDL and Opening of Bank Accounts
Acting Governor of Banque du Liban issued Interim Decision No. 13597 on December 28, 2023, extending the application of specific provisions from five foundational decisions governing foreign currency accounts, bond issuances, certificates of deposit, and bank account openings until the 2024 General Budget is published. The decision immediately takes effect and mandates official gazette publication, thereby preserving regulatory continuity for Lebanese banks, financial institutions, and supervisory commissioners. It legally validates ongoing operational frameworks by explicitly referencing Articles 174 and 70 of the Monetary and Loan Law alongside recent Central Council resolutions.
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