Regulatory Alerts2022-06-07
Circular Letter (186-2017)
The Central Bank of Libya extends the acceptance period for high-value cheques exceeding 250,000.000 LYD through the (ECC) public sector entities system until June 2018. Issued by the Banking and Contracts Supervision Department, this directive formally instructs commercial banks and the Libyan Foreign Bank to implement the extension based on prior regulatory circulars and a November 2017 internal memo. Financial institutions must continue processing these instruments under the approved framework to ensure uninterrupted settlement operations.
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