The Lebanese Central Bank issued on October 27, 2025 intermediate decision number 13761 under intermediate circular no. 744 which amends basic decision number 13217 under basic circular 150 pertaining to exceptional exemptions on banks’ placements. More specifically, intermediate circular 744 stipulates that banks should exclude the value of their ROL Eurobonds portfolios in the calculation of their foreign liquidity ratio (minimum of 100%). The circular explicitly prohibits banks that are not in conformity with the minimum liquidity threshold from selling their ROL Eurobonds. As for banks that are in respect of the regulatory liquidity threshold, the circular consents them to sell their proprietary ROL Eurobonds on the condition that sale proceeds be used for the following reasons:

1)    To generate liquidity to meet the requirements of basic decision number 13335 (basic circular 158 which requires banks to pay $800 per month for eligible depositors) for a period of one year

2)    To finance their commercial and investment activities but not to finance their operating expenses