Regulatory Alerts2022-06-07
Central Bank of Libya Circular Letter No. 2013/43
The Central Bank of Libya issued Circular Letter No. 2013/43 to reinforce the regulatory prohibition on foreign currency transactions for private entities. The directive explicitly instructs commercial banks and their temporary administrative committees to reject and return all foreign currency purchase and transfer requests submitted by private legal entities. This measure strictly enforces Article 4 of Governor Decision No. 1/2013 and Circular No. 2013/1, ensuring full compliance with Law No. 1/2005 concerning Banks.
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