Regulatory Alerts2024-05-20 | 13633Added · Updated
Regulatory Rules of Circular 7926 Concerning Banks' Foreign Currency Investments at BDL, Monetary Reserve Requirements and Minimum Special Reserves for Islamic Banks
The Central Bank of Lebanon issued Circular Decision No. 13633 to amend Basic Circulars No. 7935 and No. 9763, replacing their respective reporting forms (10-RO and 20-RO) to standardize foreign currency liabilities subject to the 14% mandatory investment ratio and minimum special reserve requirements for Islamic banks. The decision mandates updated reporting templates that categorize resident and non-resident deposits, credit agreements, sukuk, and investment accounts by currency and account type. It takes effect from June 6 to June 12, 2024, and requires immediate publication in the Official Gazette.
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disclosure
islamic-finance
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