Regulatory Alerts2022-05-17 | 13434Export and Import of Banknotes from and to Lebanon
Banque du Liban issued Intermediary Decision No. 13434 to amend Basic Decision No. 8024 governing the shipment of banknotes and precious metals. The amendment establishes a minimum capital requirement of fifty billion Lebanese Lira for Category (A) exchange houses covering their head office and branches. It further grants incumbent exchange houses engaged in these operations a one-year deadline to regularize their status and complete capital increases, failing which their licenses will be automatically revoked and their names struck from the official registry.
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