Regulatory Alerts2020-05-27 | 13228Central Bank of Lebanon Intermediary Decision No. 13228 Amending Basic Decision No. 6116 on Facilities for Banks and Financial Institutions
The Central Bank of Lebanon issued Intermediary Decision No. 13228 to amend Basic Decision No. 6116, granting banks the authority to request foreign currency financing for up to 90% of the value of industrial raw material imports. This facility is capped at 100 million USD for all authorized industrial institutions combined, with a maximum of 5,000 USD per client per import operation. Beneficiary industrial firms are required to repatriate foreign currency from exports equivalent to the value of imported raw materials used in manufacturing, under strict bank compliance and penalty measures.
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