Regulatory Alerts2020-06-01 | 13230Certificates of Deposit Issued by Banque du Liban, Accounts Held in Foreign Currencies at BDL and Opening of Bank Accounts
Banque du Liban issued Circular Decision No. 13230 to extend the validity of key provisions governing foreign currency deposit accounts, bank certificates of deposit, and general bank account openings until December 31, 2020. The decision amends Basic Decisions No. 5258, 7534, and 13100 to preserve depositors' funds amid current exceptional economic circumstances while ensuring the continuous operation of Banque du Liban as a public service. It takes effect immediately upon issuance and mandates publication in the Official Gazette.
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