Regulatory Alerts2025-03-27 | 13716Added · Updated
Exceptional Restrictions Relating to Some Banking Operations
The Acting Governor of the Central Bank of Lebanon issued Central Decision No. 13716 to amend Basic Decision No. 13353, modifying exceptional restrictions on foreign currency operations conducted by banks. The amendment repeals and replaces the existing purchase rule, capping spreads and commissions at 1% of the buying price, while adding provisions for direct or indirect sales to non-central bank entities, mandating foreign currency or Lira-equivalent payments for listed assets and treasury bonds, and requiring central bank approval for offshore Eurobond sales. These changes take effect immediately upon issuance and are published in the Official Gazette to ensure market transparency and protect depositors.
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