Regulatory Alerts2020-05-11 | 13225Central Bank of Lebanon Circular No. 555 Amending Decision No. 7935 and Decision No. 9763 Regarding Bank Foreign Currency Investments and Islamic Bank Reserves
The Governor of the Central Bank of Lebanon issued Circular No. 555 to amend the implementation rules for mandatory bank investments in foreign currencies under Decision No. 7935 and the monetary reserve requirements for Islamic banks under Decision No. 9763. This directive replaces the reporting templates for these regulations to align with recent exemptions and ensures accurate tracking of liabilities subject to the 15% foreign currency investment ratio. The amended decisions became effective for the period from April 30, 2020, to May 6, 2020, and were published in the Official Gazette.
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