Regulatory Alerts2022-11-01 | 13495Certificates of Deposit Issued by Banque du Liban and Accounts Held in Foreign Currencies at BDL
Banque du Liban, through Governor Riad Souhane, issued Intermediary Decision No. 13495 to amend Basic Decisions 5258 and 7534, reducing interest rates on US Dollar deposit accounts and certificates of deposit held by Lebanese banks at BDL by 50 percent. The amended provisions maintain an exceptional payment structure where half of the interest is disbursed in US Dollars and the remainder in Lebanese Lira. This decision takes effect immediately upon issuance and remains valid for a six-month period, pending publication in the Official Gazette.
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