Regulatory Alerts2020-12-09 | 13301Certificates of Deposit Issued by Banque du Liban, Accounts Held in Foreign Currencies at BDL and Opening of Bank Accounts
Banque du Liban Governor Riad T. Samih issued Interim Decision No. 13301 to extend the validity of key provisions from three foundational BDL decisions until June 30, 2021. The extension specifically covers the opening of foreign currency deposit accounts at BDL, the issuance of bank certificates of deposit by BDL, and the general framework for opening bank accounts. Taking immediate effect upon issuance, this decision amends prior regulatory timelines to maintain current banking operational frameworks without requiring new applications.
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