Circular Letter (186-2017)

Central Bank of Libya
P.O. Box 1103 | Telegram Address: Misriliya - Tripoli, Libya

Reference: (ARM/N 804)

Circular Letter No. ARM/N (2017/186)
Date: 24 Safar 1439 AH
Corresponding to: 13 November 2017

To the Banks' Notaries /
Mr. General Manager - Libyan Foreign Bank

Greetings...

With reference to our Circular Letter No. ARM/N (2012/191) dated 22/07/2012, regarding the review of electronic clearing and manual settlement rules for implementation in all commercial banks.

And with reference to the letter of Mr./Deputy Director of Payments and Settlements Department at the Central Bank of Libya dated 05/11/2017, addressed to Mr./Governor of the Central Bank of Libya, regarding approval for extending the acceptance period for high-value cheques exceeding (250,000.000 LYD), through public sector entities only, until the end of June 2018. (ECC) System

We inform you of the Central Bank of Libya's approval to extend the operation for high-value cheques exceeding (250,000.000 LYD), through the (ECC) public sector entities system only, until the end of June 2018.

Peace, mercy, and blessings of God be upon you.

Dr. Mukhtar Al-Hadi Al-Tawil
Director, Banking and Contracts Supervision Department

A copy to //
Mr. Mohamed Al-Kilani
Mr./Director of Banking Operations Department, Central Bank of Libya Mr./Director of Payments and Settlements Department, Central Bank of Libya Mr./Manager of Services and Applications Project, Central Bank of Libya Mr./Head of Electronic Clearing Project Team Generally / Heads of Compliance Units in Commercial Banks To the affiliated banking entities and compliance counterparts

Al-Kilani / Circular Letters (186/2017)