The Lebanese Central Bank issued on September 20, 2024 intermediate circular no. 707 to banks and financial institutions requiring them to constitute an external account (net of any liabilities) at their correspondent banks equivalent to at least 3% of the size of foreign currency customer deposits as at July 31, 2024 instead of September 30, 2022 as per the provisions of the previous circular. In addition, the circular allowed banks to include in the calculation of the aforementioned liquidity threshold the market value of Lebanese Eurobonds held at Midclear or at a depository outside Lebanon and booked at Fair Value Through Profit or Loss (FVTPL) or Fair Value through Other Comprehensive Income (OCI) as well as the market value of investment grade securities booked at FVTPL. Finally, the circular requested that funds that were transferred outside the country since July 1, 2017 and subsequently repatriated to Lebanon under the provisions of BDL circular 154 be deposited in a special savings account for a period of eight years instead of the previously required five years.