Entry into force August 1, 1963 Decree No 13513
Is the main comprehensive legislation in Banking
Originally in Arabic, translated and updated in 2019 incorporating the major laws, circulars and resolutions of the Central Bank of Lebanon (Banque du Liban).
Main subjects covered :
. Money
. Banque du Liban
. Overall mission (namely the article 70) : safeguard of the money in order to ensure a basic permanent economic and social growth, and more specifically :
Safeguarding a sound Lebanese currency
Safeguarding economic stability
Safeguarding the basic structure of the banking system
Developing the monetary and financial market
Developing and regulating the payment systems and instruments
Developing and regulating money transfer operations including electronic transfers
Developing and regulating the clearing and settlement operations relative to different financial and payment instruments and marketable bonds.
. Operations (bullion gold and exchange operations, Public Sector and Banks, Prohibitions).
. Financial Provisions.
. Banking regulations
