Regulatory Alerts2022-06-07
Circular Letter No. 74/2013
The Central Bank of Libya requires all commercial banks operating in the country to obtain a direct letter from the Minister of Defense before releasing, opening, or providing information on accounts belonging to Libyan Army units. This directive, issued by the Deputy Director of Banking and Currency Supervision on April 4, 2013, reinforces previous circulars by mandating that the Minister of Defense’s authorization is the sole valid basis for handling National Liberation Army accounts. Banks are instructed to immediately implement these measures and adhere strictly to the enclosed correspondence from March 21, 2013.
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