Regulatory Alerts2023-01-31 | 13531Facilities that may be granted by BDL to banks and financial institutions, Aid to those affected by the explosion at the Port of Beirut, and Exceptional restrictions relating to some banking operations
Banque du Liban’s Governor issued Intermediary Decision No. 13531 to amend three foundational banking regulations, specifically repealing Article Fourteen of Decision No. 6116 and replacing key provisions in Decisions No. 13254 and No. 13353. The amended provisions authorize banks to accept Lebanese Lira repayments for exceptional client loans at the official 1,500 LL/USD exchange rate and mandate that foreign currency trading with clients (excluding "new money") strictly follows the rates set in Decision No. 13221. This regulatory update, effective February 1, 2023, streamlines currency conversion mechanisms and reinforces exceptional operational restrictions for Lebanese financial institutions.
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