Regulatory Alerts2026-01-09 | 13796Intermediary Decision No. 13796 Amending Basic Decision No. 6568 on Exchange Operations at Banks and Financial Institutions
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13796 to amend Basic Decision No. 6568 regarding exchange operations at banks and financial institutions. The amendment repeals and replaces the fourth paragraph of Article 9 bis, mandating that banks with a short open foreign exchange position must liquidate the excess within a maximum deadline of December 31, 2026. Failure to comply triggers a penalty requiring banks to pay a special Lebanese Lira reserve at the Central Bank equal to three times the excess, calculated using the announced exchange rate on the approved platform for each day of non-compliance after December 31, 2026.
Share