Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter (39/2017)
The Central Bank of Libya issued Periodic Letter No. 39/2017 to instruct banks and financial service companies to commence accepting citizen applications for the 2017 foreign currency sale program for personal purposes. The directive confirms the completion of the operational system and mandates that applications be processed starting February 12, 2017, in accordance with Circular No. 3/2017 and Law No. 1 of 2005. Banks are required to disburse the allocated foreign currency directly to Libyan household heads, ensuring full compliance with the established regulatory framework and supervisory guidelines.
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