Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter No. 195 (2017)
The Central Bank of Libya, acting through its Banking Supervision Department, has issued Periodic Letter No. 195 (2017) to address significant increases and disparities in commercial bank service fees that burden citizens. The directive mandates all commercial banks to prominently and clearly display commission and service prices across all branches and agencies, in compliance with the 2005 Banking Service Price Liberalization Circular. Failure to adhere to these transparency and pricing requirements will trigger periodic inspections and enforceable penalties under Law No. 1 of 2005 regarding Banks.
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