Regulatory Alerts2021-02-25 | 13317Added · Updated
Exceptional Exemptions from Mandatory Bank Investments
The Governor of the Central Bank of Lebanon issued Circular Decision No. 13317 to amend Central Decision No. 13217 regarding exceptional exemptions from mandatory bank investments. The amendment mandates that each bank deposit 100% of the value of funds referenced in Article One into a cash-based, obligation-free account held domestically or with foreign correspondents. Funds already placed in Special Accounts under Central Decision No. 13262 remain exempt from the new requirement and continue to be governed solely by their original decision.
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