The Lebanese Central Bank issued on July 19, 2022 intermediate decision 13457 under intermediate circular 629, which amends basic decision no. 9668 under basic circular 109 which was issued on August 9, 2007 to banks, financial institutions and local & foreign companies licensed to issue credit, debit and charge cards. This decision comes in the light of BDL’s recent directive to facilitate local payments from fresh USD cards and stop payment from “Lollar” USD cards. In details, the decision states that the Electronic Settlement System established at BDL, will now be solely used for settlement of LBP card transactions, while the settlement of USD card transactions will be channeled via the Visa and Master Card companies. Subsequently, card issuing companies must now only communicate electronic payment messages on LBP transactions to BDL, bearing in mind that previously they used to communicate messages on both currencies to BDL. In addition, companies issuing cards must now only open an LBP account at BDL and freeze a designated LBP account to cover for any failure by participants to settle their accounts, while previously said companies were required to open and freeze an amount in each settlement currency at BDL. Always in the same vein, participants must now only constitute provisions in LBP, while participants must also furnish their clients with an electronic transcript of their transactions on a monthly basis, unless the client requests a hard copy, and refrain from charging clients any exorbitant fees on payment transactions.