The Lebanese Central Bank issued on February 2, 2024 intermediate decision 13612 under basic circular 167 directed to banks and financial institutions pertaining to the translation of FC-denominated assets and liabilities into the local currency. In details, the Central Bank requested banks and financial institutions, and in line with the provisions of International Accounting Standard 21 (IAS21), to translate FC-denominated monetary assets and liabilities and non-monetary assets classified under fair value or the equity method at the applicable exchange rate published on BDL’s electronic platform at the date of the preparation of the financial statements.