A new circular from the Bank of Lebanon .. What is its importance?

A few days ago, the Bank of Lebanon issued Mediterranean Circular No. 739 to banks and financial institutions, which amends the Basic Resolution No. 13262, which includes exceptional procedures to reactivate banking work in Lebanon. What is the importance of this generalization?

The economist and financial expert, Dr. Bilal Alama, through “Lebanon 24” pointed out that “this circular and guiding is more than it is binding, as it is the previous periods of normalization No. 13262 that imposes on banks to form a free external account of any obligations among corresponding banks at least 3% of the size of customer deposits in foreign currency”, considering that this generalization “identifies with the law to settle the conditions of banks and with The requirements for lifting Lebanon from the gray list.
He pointed out that “this circular gave a deadline for banks that could not form a reserve by 3 percent to settle their conditions on June 30, 2026, despite all the facilities provided by the” Central “and therefore if they do not succeed in that, these banks will be underestimated.
He considered that “this generalization may be a way out for some banks before the decision taken by Judge Maher Shaito, according to which natural and moral persons were assigned, including bankers who transformed the money abroad during the financial crisis to re -enter it into the Lebanese banking system.”