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2022-06-07

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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Central Bank of Libya

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

Supervisory Dept.: A.R.M/804

Periodic Letter No. (39/2017)

Date: 15 Jumaada al-Thani 1438 AH Corresponding Date: 12 February 2017 AD ...

To the General Managers of Banks

To the Heads of Temporary Administrative Committees of Banks

Mr. General Manager – Libyan Foreign Bank

Mr. General Manager – Ma'amilat Financial Services Company

Greetings ...

Based on the provisions of Law No. (1) of 2005 regarding Banks, and its amendments, and on the supervisory and regulatory role exercised by the Central Bank of Libya over banks, in accordance with the provisions of the law.

And referring to Circular No. (3/2017), issued on 01/02/2017, regarding the regulations governing the sale of foreign currency for personal purposes in 2017, to be disbursed to Libyan household heads.

We inform you that the system prepared for selling foreign currency for personal purposes in 2017, to be disbursed to Libyan household heads, has been completed, in accordance with the aforementioned circular.

Accordingly, you are requested to commence accepting applications submitted by citizens for this purpose as of today, Sunday, corresponding to 12/02/2017, in accordance with the instructions issued by the Central Bank of Libya regarding this matter.

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

Dr. Mukhtar Al-Hadi Al-Tawil Director of the Department of Banking and Currency Supervision

Copies to / For Information:

  • Mr. / Deputy Minister of Finance
  • Mr. / Deputy Director of the Court of Audit
  • Mr. / Director of the Administrative Control Authority Office
  • Mr. / Head of the Committee for Covering Accounts of Expatriates at the Central Bank of Libya
  • Mr. / Director of the Accounts Department, Central Bank of Libya
  • Mr. / Director of the Legal Affairs Department, Central Bank of Libya
  • Mr. / Assistant Manager of the CBLe Project (Sabha – Benghazi – Sirte)
  • Mr. / Director of the Banking Operations Department, Central Bank of Libya
  • Mr. / Deputy Manager of the Banking and Currency Supervision Department (Regulatory, Office Affairs & Compliance Follow-up)
  • Mr. / Deputy Manager of the Banking and Currency Supervision Department (Regulatory, Field Affairs & Inspections for Follow-ups)
  • Mr. / Head of the Compliance Section in Commercial Banks – Follow-up
  • Mr. / Compliance Officer

R. Al-Dhibyani / Periodic Letters 2017

www.cbl.gov.ly · swift code: CBLULYLX · +218 21 444 1466 · Fax: +218 21 353 3591 · Phone:

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