Regulatory Alerts2025-06-18 | 13727Certificates of Deposit Issued by Banque du Liban, Issuing of Certificates of Deposit & Banking Certificates, Bonds and Accounts Held in Foreign Currencies at BDL
Banque du Liban Governor Karim Saeed issued Intermediate Decision No. 13727 on June 18, 2025, amending four foundational decisions to extend the validity of key provisions governing foreign currency deposit accounts, bank-issued bonds, and certificates of deposit until December 31, 2025. The extension specifically preserves the regulatory frameworks for Lebanese banks and financial institutions to open foreign currency accounts, issue bonds, and operate under established certificate of deposit systems. This measure ensures ongoing regulatory continuity for these financial instruments while affirming the Governor’s statutory authority to maintain public service operations.
Circular No. 738 To Banks and Financial Institutions, and to Supervisory Commissioners
We hereby attach a copy of Intermediate Decision No. 13727 dated 2025/6/18, concerning the amendment of:
- Basic Decision No. 5258 dated 1993/9/17 (Opening foreign currency deposit accounts at Banque du Liban), attached to Circular No. 14
- Basic Decision No. 6856 dated 1997/12/19 (Bonds that may be issued by Lebanese banks and financial institutions), attached to Circular No. 36
- Basic Decision No. 7224 dated 1999/2/11 (System for issuing certificates of deposit and banking certificates), attached to Circular No. 61
- Basic Decision No. 7534 dated 2000/3/2 (Issuance of banking certificates of deposit by Banque du Liban), attached to Circular No. 67
Beirut, June 18, 2025 Governor of Banque du Liban
Karim Saeed
Intermediate Decision No. 13727 Amendment of Basic Decision No. 5258, Basic Decision No. 6856, Basic Decision No. 7224 and Basic Decision No. 7534
The Governor of Banque du Liban, Pursuant to the Monetary and Exchange Law, particularly Articles 70 and 174 thereof, Pursuant to Basic Decision No. 5258 dated 1993/9/17 and its amendments concerning the opening of foreign currency deposit accounts at Banque du Liban, Pursuant to Basic Decision No. 6856 dated 1997/12/19 and its amendments concerning bonds that may be issued by Lebanese banks and financial institutions, Pursuant to Basic Decision No. 7224 dated 1999/2/11 and its amendments concerning the system for issuing certificates of deposit and banking certificates, Pursuant to Basic Decision No. 7534 dated 2000/3/2 and its amendments concerning the issuance of banking certificates of deposit by Banque du Liban, Pursuant to the powers vested in the Governor to ensure the operation of Banque du Liban based on the principle of continuity of public service,
Decides as follows:
Article One: The provisions of the following shall remain in effect until 2025/12/31:
- "Article 4 bis" of Basic Decision No. 5258 dated 1993/9/17
- "Article 6 bis" of Basic Decision No. 6856 dated 1997/12/19
- "Article 20" of the System attached to Basic Decision No. 7224 dated 1999/2/11
- "Article 6 bis" of Basic Decision No. 7534 dated 2000/3/2
Article Two: This Decision shall take effect upon its issuance.
Article Three: This Decision shall be published in the Official Gazette.
Beirut, June 18, 2025 Governor of Banque du Liban
Karim Saeed