Central Bank of Libya Circular Letter No. 2016/80

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

Reference: 804/C.M.R.A
Circular Letter No. C.M.R.A (2016/80)
Date: 11 Ramadan 1437 AH.
Corresponding to: 16 June 2016 AD.

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

Greetings...

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

And referring to Circular No. C.M.R.A (2014/2), dated 29/05/2014, which conveyed the decision of the Board of Directors of the Central Bank of Libya No. (17) of 2014, concerning certain procedures and regulations governing the implementation of collection agency operations.

And to Circular No. C.M.R.A (2014/3), dated 18/09/2014, concerning the regulations governing the settlement of documents via the collection agency.

And to Circular Letter No. C.M.R.A (2016/18), dated 04/02/2016, which conveyed a commitment form regarding the supply of goods and their sale in the local market.

And to Circular Letter No. C.M.R.A (2016/75), dated 05/05/2016, which extended the arrival period of goods against collection documents to 30/06/2016, and set the settlement date for collection documents at 05/07/2016.

We inform you that it has been decided to extend the arrival period of goods against collection documents to 31/07/2016, with the settlement date for collection documents set at 05/08/2016.

Peace, mercy of God, and blessings be upon you,

Abdulhafeeth Saadoun Tribil
Manager of Banking Supervision and Compliance Department / Acting

CC:
Mr. / Head of the Commercial Bank Accounts Coverage Committee at Correspondent Banks - Central Bank of Libya Mr. / Manager of the Financing Department - Central Bank of Libya Mr. / Manager of the Debts Department - Central Bank of Libya Mr. / Manager of the Accounts Department - Central Bank of Libya Mr. / Head of the Compliance Unit in Commercial Banks - for Follow-up Mr. / Head of the Banking Wing and Compliance Lead

M.R. / Al-Shibyani / Circular Letter 13/2016

www.cbl.gov.ly, SWIFT Code: CBLJLYLX, Fax: +218 21 444 1488, Phone: +218 21 333 3591