Regulatory Alerts2022-06-07
Central Bank of Libya Circular Letter (137-2017)
The Central Bank of Libya issued Circular Letter No. 137/2017 to direct commercial banks and their interim administrative committees to utilize the Ministry of Economy’s electronic portal (bank.eidc.cov.ly) for processing sustainable credit applications and budget approvals under Law No. 1 of 2017. The directive mandates banks to actively engage with the designated system link, Facebook contact page, and specified email and telephone channels to facilitate supplier and company applications for necessary approvals. Banks must align their operations with the Ministry’s acceptance procedures to ensure seamless processing of credit requests and budget allocations for 2017.
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