Decision # 302/1

Please be informed that the Ministry of Finance (MoF) has issued on the 2nd April 2024 the decision # 302/1 in application of the article 18 of the 2024 Budget Law # 324, that defines the exchange rate to be applied for the conversion of the salaries paid in foreign currencies at 89,500 LBP/USD (current Sayrafa and parallel market rate) starting from the 1st April 2024.

For the period prior to this date (i.e. for the months of January to March 2024), the salaries paid in foreign currencies should be converted at the previous exchange rate of 15,000 LBP/USD set by the MoF decision # 3/1 dated 9th January 2023 (application decision of the article 35 of the 2022 Budget Law # 10).

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