Regulatory Alerts2021-08-26 | 13355Facilities that may be granted by BDL to banks and financial institutions
Banque du Liban issued Central Decision No. 13355 to amend Central Decision No. 6116, requiring banks and financial institutions to settle specific import-related percentages in Lebanese Lira at designated exchange rates. The amended decision mandates that oil derivative imports be settled using the Sayrafa platform rate, while other essential goods like wheat, medicines, and infant formula use the official 1507.5 Lira-to-dollar rate. Furthermore, it requires banks to deposit these cash amounts at Banque du Liban to secure the foreign currency necessary for ongoing import operations under current exceptional economic conditions.
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