The Lebanese Central Bank issued on February 20, 2025 intermediate decision 13703 under intermediate circular 730 directed to banks and financial institutions concerning their foreign currency positions, amending thereby basic decision 6568. In details, the circular stated that banks having a Long FX Open Position exceeding 1% of  their Tier 1 capital are considered in breach of the circular and must liquidate the excess amount before end of 2025 or else deposit an LBP-denominated special reserve (calculated at the exchange rate published on BDL’s electronic platform) at BDL amounting to three times the overrun for a period of one month for every day of breach after December 31, 2025. Similarly, banks that have a Short FX Open Position must also rectify their position before end of year 2025 or else deposit an LBP-denominated special reserve (calculated at the exchange rate published on BDL’s electronic platform) at BDL amounting to three times the shortage for a period of one month for every day of breach after December 31, 2025.