Central Bank of Libya Circular Letter No. 10/2012

الصفحة 1

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

Reference: A.R.M.N / 716 / 14

Circular Letter No. (10/2012)
Date: 17 Safar 1433 AH
Corresponding to: 11 January 2012 AD

To the General Managers of Commercial Banks, To the Heads of Interim Administrative Committees of Commercial Banks, To the General Manager - Libyan Foreign Bank

Greetings,...

This Bank has received a letter from the Chairman of the Supreme Committee for Activating the National Army, bearing reference number L.A.T.118 dated 28/12/2011 AD, which hopes to address all commercial banks operating in Libya to open current accounts for members of the National Army according to standard banking procedures.

And with reference to the letter from the Minister of Finance bearing reference number 56/3.23 dated 27/12/2011 AD, addressed to the Governor of the Central Bank of Libya regarding the directive to commercial banks operating in Libya to facilitate banking account opening procedures for members of the National Army, given the agreed termination of the cash payment system and its replacement by incentives directed to commercial banks, effective from January 2012 AD, to facilitate procedures.

And as we attach copies of the aforementioned letters, and based on the Governor's instructions, you are requested to take the necessary actions regarding this, in accordance with the regulations issued by the Central Bank of Libya governing the opening and management of current accounts at commercial banks.

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

Dr. Mohammed Abduljalil Abusnina
Director of Banking and Currency Supervision

Copies to the Governor
Copies to the Deputy Governor
Copies to the Deputy Minister of Finance Copies to the Chairman of the Supreme Committee for Activating the National Army Copies to the Follow-up and Compliance Monitoring Department Archive

Phone: +218 3333591 2, Fax: +218 444 1488, www.cbl.gov.ly, swift code: CBLJLYLX

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الصفحة 2

Transitional National Assembly
Ministry of Finance
Date: 27 / 12 / 2011 AD

Transitional National Assembly
Ministry of Finance
Reference Number: 56/3.23

Central Bank of Libya
Office of the Governor
Date: 28-12-2011
Received Number: 1290

Sir / Governor of the Central Bank of Libya

Greetings,...

Based on the verbal agreement reached with Brigadier General Faraj Ahmadah Suwiker, Director General of the Military Accounts Administration, regarding the organization of the salary payment mechanism for members of the National Army, which we hope will be accompanied by your cooperation in directing commercial banks operating in Libya to facilitate banking account opening procedures for members of the National Army, given the agreed termination of the cash payment system and its replacement by a payment system via incentives directed to commercial banks, effective from January 2012 AD to facilitate procedures.

Thanking you for your excellent cooperation.

Peace, mercy of Allah, and blessings be upon you

(Signature)
Hassan Mukhtar Zeglam
Minister of Finance

With the copy to:

• Sir / Deputy Minister
• Sir / Director of Treasury Department
• Sir / Director of Budget Department
• Mr. Zakaria - Al-Tomi

Phone: 3620146 / 49
Phone: 3402005 (to 7) Azat Al-Dahmani - Tripoli P.O.Box: 81145 Tripoli - Libya www.mof.gov.ly

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الصفحة 3

Transitional National Assembly
Ministry of Defense
Supreme Committee for Activating the National Army We do not surrender; we either triumph or die.

Subject: Opening Bank Accounts
Reference Number: L.A.T / 118
Date: 28 / 12 / 2011 AD

Central Bank of Libya
Office of the Governor
Date: 05-01-2012
Received Number: 76

To / Central Bank of Libya

Greetings to the revolutionaries and victory.....

• Reference to Defense Minister Decision No. (2) of 2011 AD regarding the establishment of a supreme committee for activating the National Army.
• We request you to address all Libyan commercial banks to open current accounts for members of the National Army according to their standard legal procedures.

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

(Signature and Stamp)
Brigadier General / Ibrahim Muhammad Saed Al-Huwaili Chairman of the Supreme Committee for Activating the National Army

Copy to /

• Ministry of Defense / For information.
• General Headquarters of Staff / For information.
• Periodic File for Archiving / For archiving.

Originator / Lt. Col. Kh. Dara