Regulatory Alerts2023-01-20 | 13525Operations relating to credit, investment and shareholding and participation
The Central Bank of Lebanon issued Decision No. 13525 to amend Basic Circular No. 81 regarding operations relating to credit, investment, and shareholding. The decision repeals prior restrictions and explicitly authorizes Lebanese banks and financial institutions to open and maintain foreign currency accounts for non-residents, including offshore companies, foreign banks, and foreign branches. This amendment, effective February 1, 2023, aligns with the Central Bank’s updated foreign currency classification framework and was approved by the Monetary and Credit Council.
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