BDL Issues Intermediate Circular 764 Related to Exceptional Exemptions for Banks from Mandatory Placements and Reserve Requirements
On May 8th, 2026, the Central Bank of Lebanon (BDL) issued intermediate circular 764 (decision 13818) that amends basic circular 150 (decision 13217) related to the mandatory placements and reserve requirements for banks.
The amendment states that each bank must deposit in cash at its premises or in an account (free from any obligations) at the correspondent banks abroad, or at the Central Bank, an amount equivalent to 100% % of the value of “cash funds” in foreign currencies as per basic circular 150 (basic decision 13548). This amount should be formed before the external liquidity ratio stipulated in basic circular 154 (basic decision 13262).
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