Regulatory Alerts2021-05-10 | 13326Electronic Platform for Exchange Operations
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13326 to amend Basic Decision No. 13236 regarding the 'Sayrafa' electronic platform for foreign exchange operations. The decision mandates that registered exchange companies buy and sell foreign currency based on market supply and demand, capping the margin between buying and selling prices or any customary premiums at a maximum of 1% of the purchase price. Furthermore, it establishes operational guidelines for platform participants, including access to a user manual and a dedicated support hotline, with immediate effect upon issuance.
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