Regulatory Alerts2020-08-06 | 13255Central Decision No. 13255 Amending Central Decision No. 7548 on Electronic Financial and Banking Operations
The Governor of the Central Bank of Lebanon issued Central Decision No. 13255 to amend Article 7 bis of Central Decision No. 7548, requiring all non-bank institutions performing electronic cash transfers to settle foreign currency inflows in US Dollars and clearly disclose applicable commissions and fees. Effective immediately upon issuance on 6 August 2020, this decision standardizes settlement and transparency rules for electronic financial operations across Lebanon. It replaces the prior regulatory text to align non-bank payment service providers with the Central Bank’s monetary framework and consumer protection standards.
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