Regulatory Alerts2024-09-09 | 13660Exceptional Exemptions from Banks' Required Investments
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13660 to amend Basic Decision No. 13217 regarding exceptional exemptions from banks' required investments. Article One repeals and replaces the first paragraph of "Article Three bis," mandating that each bank deposit an amount equivalent to 100% of the value of "funds" in cash or at the Central Bank, calculated before the external liquidity ratio. The decision takes immediate effect upon issuance and is published in the Official Gazette.
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