Regulatory Alerts2022-06-07
Periodic Letter No. 116 (2015)
The Central Bank of Libya issued Periodic Letter No. 116 (2015) to designate Sunday, October 25, 2015, as an official holiday in compensation for Friday, October 23, 2015. This directive applies to all commercial banks and related financial institutions under its supervision, mandating compliance with the official holiday schedule as outlined in Law No. (5) of 2012 and Article (17) of Law No. (12) of 2010. The decision ensures operational continuity by formally recognizing the compensatory holiday for banking and administrative operations nationwide.
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