Regulatory Alerts2022-06-07
Circular Letter No. 01/2013
The Central Bank of Libya issued Circular Letter No. 01/2013 to extend manual clearing operations and the acceptance period for high-value checks (exceeding 250 million Libyan Dinars) through the ACP electronic clearing system until March 2013. This extension applies to public entities and commercial banks that have not yet fully adapted their internal systems to comply with ACP rules, ensuring uninterrupted time-bound salary transfers and branch connectivity. The directive mandates that all commercial banks and the Libyan Foreign Bank maintain these provisional clearing arrangements while finalizing system upgrades.
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