Regulatory Alerts2022-06-07
Central Bank of Libya Circular Letter No. 69/2015
The Central Bank of Libya, through its Director of Banking and Currency Supervision, has issued Circular Letter No. 69/2015 to extend the operational validity for high-value cheques exceeding 250,000.000 Libyan Dinars through the ACP system exclusively for public entities until December 2015. This extension builds upon prior directives that established electronic and manual clearing regulations for all commercial banks and initially extended high-value cheque operations through December 2014. The directive formally approves the continued acceptance of these cheques under previously approved terms, ensuring uninterrupted processing for public sector institutions.
Central Bank of Libya
P.O. Box 1103 | Telex Address: Libya - Tripoli, Libya
Reference: R M N / 804 Circular Letter No. (69/2015) Date: 20 Sha'ban 1436 AH Corresponding to: June 7, 2015 AD
To / The General Managers of Commercial Banks To / The Chairmen of the Interim Administrative Committees of Commercial Banks To / The General Manager - Libyan Foreign Bank
Greetings...
With reference to our Circular Letter No. R M N (191/2012) dated July 22, 2012 AD,
regarding the referral of electronic clearing and manual clearing regulations for implementation in all commercial banks.
And our Circular Letter No. (31/2014) dated April 1, 2014 AD, regarding the instructions
of Mr. / Deputy Governor of the Central Bank of Libya concerning the extension of operations for high-value cheques exceeding (250,000.000 L.D.), through the (ACP) system for public entities only, until the end of December 2014 AD.
And with reference to the letter from Mr. / Director of the Payments and Settlements Department at the Central Bank of Libya
dated May 28, 2015 AD, regarding approval to extend the acceptance period for high-value cheques exceeding (250,000.000 L.D.), through the (ACP) system for public entities only, until the end of December 2015 AD.
We hereby inform you of the Central Bank of Libya's approval regarding the extension of operations for high-value cheques exceeding (250,000.000 L.D.), through the (ACP) system for public entities only, until the end of December 2015 AD.
Peace, mercy of God, and blessings be upon you...
"Abdul Magid Muhammad Al-Maqyuri" Director of the Banking and Currency Supervision Department / Acting
Copy to //
To Mr. / The Governor To Mr. / The Deputy Governor To Mr. / Director of the Banking Operations Department at the Central Bank of Libya To Mr. / Director of the Payments and Settlements Department at the Central Bank of Libya To Mr. / Director of Services and Applications at the Central Bank of Libya To Mr. / Head of the Electronic Clearing Project Team To the Banking Affairs and Compliance Monitoring Department
Al-Kilani / Circular Letters 26
Phone: +218 21 333 3591, Fax: +218 21 444 1488, swift code:CBLJLYLX, www.cbl.gov.ly