Regulatory Alerts2024-11-21 | 13678Exceptional measures to reactivate the work of banks operating in Lebanon
The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13678 to amend Basic Decision No. 13262, specifically repealing and replacing the second sentence of Article 3 to clarify that securities listed in paragraphs (a) and (b) of item (2) under the "first" section of Basic Decision No. 7274 are classified at fair value. This amendment, effective immediately upon issuance and publication in the Official Gazette, ensures consistent valuation treatment for these specified bank securities under Lebanon's exceptional reactivation framework. The decision was formally adopted by the Central Council on November 20, 2024, and signed by Acting Governor Dr. Wissam Mansouri on November 21, 2024.
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