Regulatory Alerts2020-03-06 | 13207Central Bank of Lebanon Decision No. 71320 Amending the Executive Regulation of Money Dealer Law No. 347
The Governor of the Central Bank of Lebanon issued Decision No. 71320 to amend the executive regulation of Money Dealer Law No. 347 in response to exceptional economic conditions affecting currency exchange rates. The decision imposes strict operational requirements on all money dealers, including a maximum 30% markup on the Central Bank's reference rate, a prohibition on suspending operations, and a mandate to maintain transaction volumes consistent with 2018-2019 levels. These measures are enforced under penalty of legal and administrative sanctions and remain in effect for six months from the date of issuance.
Share