Regulatory Alerts1993-09-17 | 5258Added · Updated
Opening Foreign-Currency Deposit Accounts at the Banque du Liban
The Banque du Liban issued Basic Decision No. 5258 to authorize banks, financial institutions, and legally authorized persons to open foreign-currency current and term deposit accounts at the central bank. The decision exempts account holders from administrative fees, mandates daily interest rate determinations aligned with global market trends, and reduces term deposit interest rates by 90% payable in the originating currency. Additionally, it excludes these accounts from risk-weighted capital adequacy ratios under Decision No. 6939, assigns implementation to the Current Operations Directorate, and incorporates recent amendments updating interest calculations and administrative responsibilities effective January 2026.
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