Regulatory Alerts2026-09-14 | 13843Added
Amendment to Basic Decision No. 13262 on Exceptional Measures to Revive the Business of Banks Operating in Lebanon
Banque du Liban's Intermediate Decision No. 13843 amends Basic Decision No. 13262 by repealing and replacing paragraphs of its Article Three. It mandates that each bank operating in Lebanon must maintain an external account, free from obligations with its correspondents abroad, holding at least 3% of its total foreign currency deposits as of June 30, 2026. Banks found in violation of this requirement are granted a deadline until March 31, 2027, to regularize their positions.
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Intermediate Circular No. 774
To Banks and Commissioners of Control at Banks
We enclose herewith a copy of Intermediate Decision No. 13843 dated 14/09/2026 concerning the amendment of Basic Decision No. 13262 dated 27/08/2020 related to exceptional measures to revive the business of banks operating in Lebanon, attached to Basic Circular No. 154.
Beirut, September 14, 2026
Governor of Banque du Liban
Saeed Karim
Intermediate Decision No. 13843
Amendment of Basic Decision No. 13262 dated 27/08/2020
The Governor of Banque du Liban,
Based on the Code of Money and Credit, especially Articles 70 and 174 thereof, Based on Basic Decision No. 13262 dated 27/08/2020 and its amendments, related to exceptional measures to revive the business of banks operating in Lebanon, Based on the decision of the Central Council of Banque du Liban taken at its session held on 10/09/2026, Decides the following:
Article One: The text of the first and second paragraphs of Article Three of Basic Decision No. 13262 dated 27/08/2020 shall be repealed.
And replaced with the following:
«Each bank must maintain an external account, free from any obligations with its correspondents abroad, which at any time shall not be less than 3% of the total foreign currency deposits it holds as of 30/06/2026. Banks whose positions are in violation of the provisions of the first paragraph of this Article are granted a deadline until 31/03/2027 to regularize their positions.»
Article Two: This decision shall be effective immediately upon its issuance.
Article Three: This decision shall be published in the Official Gazette.
Beirut, September 14, 2026
Governor of Banque du Liban
Saeed Karim
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Source: Banque du Liban — original document
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