RegAlert
2021-06-08 | 13336

Added · Updated

Investment of Banks in Foreign Currencies at BDL

The Governor of the Central Bank of Lebanon issued Intermediary Decision No. 13336 to amend Fundamental Decision No. 7926 regarding banks' mandatory investments. The decision reduces the statutory percentage specified in Article One of the original 2001 decision by fifteen percent, lowering it to a final rate of fourteen percent. This amendment takes immediate effect upon issuance and is formally published in the Official Gazette following Central Bank Council approval.

Banque du Liban logo

Lebanon

Banque du Liban

Scan of the document's first page
Share

BDL published 4 documents in the last 30 days — get each new one by email the day it lands.

Intermediary Circular No. 586 for Banks

We enclose a copy of Intermediary Decision No. 13336 dated June 8, 2021, concerning the amendment of Fundamental Decision No. 7926 dated September 20, 2001 (Banks' Mandatory Investments), attached to Fundamental Circular No. 86.

Beirut, June 8, 2021

Governor of the Central Bank of Lebanon

Riad T. Salam

Intermediary Decision No. 13336

Amending Fundamental Decision No. 7926 dated September 20, 2001

The Governor of the Central Bank of Lebanon, pursuant to Articles 70, 76 (paragraph v), and 174 of the Monetary and Loan Law; pursuant to Fundamental Decision No. 7926 dated September 20, 2001, and its amendments regarding banks' mandatory investments; and pursuant to the decision of the Central Bank Council taken in its meeting held on June 4, 2021,

hereby decides as follows:

Article One: The percentage specified in Article One of Fundamental Decision No. 7926 dated September 20, 2001 is reduced by 15% to become 14%.

Article Two: This decision shall take effect upon its issuance.

Article Three: This decision shall be published in the Official Gazette.

Beirut, June 8, 2021

Governor of the Central Bank of Lebanon

Riad T. Salam

Read the rest free

Lineage: In force

Investment of Banks in Foreign …2001Investment of Banks in Foreign Currencies at BDL (2001-09-20)Investment of Banks in ForeignCurrencies at BDL2021-06-08 · this documentInvestment of Banks in Foreign Currencies at BDL (2021-06-08)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Investment of Banks in Foreign Currencies at BDL

Source: Banque du Liban — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BDL

BDL published 4 documents in the last 30 days. We email you each new one the day it's published.

Topics
monetary