Regulatory Alerts2020-04-03 | 13216Purchase by the BDL of Cash Foreign Currency
The Governor of the Central Bank of Lebanon issued Basic Decision No. 13216 to purchase cash foreign currencies from the public in exceptional circumstances, establishing a dedicated trading unit and an electronic platform to ensure transparent market pricing. The decision mandates Category A exchange institutions to apply for participation, requires all operating banks to submit daily cash balance reports via email, and repeals Article Eighteen of the executive exchange regulation. This measure remains valid until March 31, 2021, and is published in the Official Gazette to stabilize foreign currency exchange rates amid Lebanon's current economic conditions.
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