Regulatory Alerts2026-08-19
Added · Updated
Circular 12/2026
The Central Bank of Libya has approved the Libyan Dinar-pegged deposit product, granting beneficiaries priority access to foreign currency. Banks must facilitate accounts for this product, which allows individuals and private companies to hold funds for twelve months post-maturity. Holders of annual Mudaraba certificates from May 1, 2026, may apply for foreign currency after maturity, receiving 50% of the deposited value, with increased priority rates of 60% for May 2026 entrants and 55% for June 2026 entrants. The foreign currency may be used for internal or external transfers, documentary credits, or other purposes specified by the Central Bank.
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