Central Bank of Libya Circular No. 35/2018 on Official Holiday Designation

Central Bank of Libya
P.O. Box 1103 | Telegram Address: Misratiya - Tripoli, Libya Reference No.: R.M.N 1070 Vol. 1

Circular Letter No. L.R.M (35/2018)
Date: 28 Jumada al-Awwal, 1439 AH / February 14, 2018 AD ....

To the General Managers of Banks
Greetings...

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

And referring to Law No. (5) of 2012 concerning Official Holidays, and in accordance with Article 17 of the Executive Regulations for the Labor Relations Law which states "compensation may be granted for weekly holidays if they coincide with official holidays".

Therefore, we inform you that it has been decided that Sunday, February 18, shall be an official holiday in all operating commercial banks, replacing "February 17" which falls on a Saturday. And taking this opportunity, we extend our congratulations to you and all workers in the banking sector on the seventh anniversary of the February 17 Revolution.

Peace, mercy of Allah, and blessings be upon you...
Dr. Mukhtar Al-Hadi Al-Talawi
Director of the Department for Banks and Currency Supervision

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Mr. / Director of the Governor's Office
Mr. / Deputy Director of the Department for Banks and Currency Supervision for Digital Affairs, Library, and Compliance Monitoring Mr. / Deputy Director of the Department for Banks and Currency Supervision for Digital, Field Affairs, Policies, and Legislation Mr. / Deputy Director of the Department for Banks and Currency Supervision for Press and Media Affairs General Department - Banking Administration - Compliance Supervision