Regulatory Alerts2021-05-10 | 13325Facilities Granted by BDL to Banks and Financial Institutions, Exceptional Measures Concerning Cash Withdrawals from Foreign Currency Bank Accounts, and Aid to Those Affected by the Beirut Port Explosion
The Central Bank of Lebanon issued Intermediary Decision No. 13325 to amend three foundational decisions governing banking facilities, foreign currency cash withdrawal measures, and disaster relief for Beirut Port explosion victims. The decision formally repeals references to the "Electronic Foreign Exchange Operations Platform" across Articles 14-bis-3, 1, and 3 of the respective decisions, while permanently maintaining the fixed exchange rate of 3,900 Lebanese Lira per US Dollar for their application. Effective immediately upon issuance and publication in the Official Gazette, this regulatory update streamlines operational compliance for banks and financial institutions under the Monetary and Banking Law.
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