Regulatory Alerts2024-11-21 | 13677Exceptional exemptions from banks required investments
The Central Bank of Lebanon, through Acting Governor Dr. Wissam Mansouri, issued Decision No. 13677 to amend Basic Decision No. 13217 regarding exceptional exemptions from banks' required investments. The amended Article Three bis mandates that each bank deposit cash in a free account or with the Central Bank, equivalent to 100% of foreign currency cash funds, while explicitly excluding Lebanese Eurobonds and prohibiting non-compliant banks from selling them. This regulatory update, effective immediately upon issuance on November 21, 2024, clarifies the calculation of external liquidity ratios and specifies eligible securities classified at fair value.
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