Regulatory Alerts2000-10-18 | 7693Ratio of Net Liquid Assets in Foreign Currencies
The Governor of the Central Bank of Lebanon issued Basic Decision No. 7693 to mandate that all Lebanese banks maintain a minimum 10% ratio of net liquid assets in foreign currencies, calculated across deposits, debt securities, certificates of deposit, and short-term financial loans. The regulation establishes monthly market-value valuation for specific treasury securities, grants foreign bank branches conditional exemptions subject to irrevocable parent bank approval, and requires non-compliant institutions to deposit a special interest-free reserve while incurring penalty interest for shortfalls. Furthermore, the Banking Supervision Committee is authorized to issue implementing circulars, and the decision repeals prior related decisions while taking immediate effect upon publication in the Official Gazette.