Central Bank of Libya

P.O. Box: 1103. Postal Address: Libya - Tripoli - Libya

Reference: 2/853/N

Mentioned in Order No. (2012/2)

Date: 07 FA

Corresponding to: 01 January 2012 AD

To: General Managers of Commercial Banks

To: Heads of Temporary Administrative Committees at Commercial Banks

To: General Manager of the Libyan Foreign Bank

To: General Manager of the Exchange and Financial Services Company

In the Name of God, the Most Gracious, the Most Merciful

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

And with reference to Circular No. (1) of 2011 issued by the Director of the General Administration of Bank Supervision and the Central Bank of Libya {formerly} dated 30/7/2011, regarding the deferral of deducting installments of social loans and mortgages granted by commercial banks and the Savings and Real Estate Investment Bank, as well as loans granted by specialized banks in the Eastern region, as well as regarding the determination of exchange rates for the sale of foreign currency in the Eastern region.

And since matters have returned to their normal state in all banks, by the grace of God, with the liberation of all Libyan territories and the declaration of liberation, we inform you that it has been decided to stop the implementation of what was stated in the aforementioned circular, and to unify all banking procedures currently in effect in all banking branches operating in Libya, and to work in accordance with the foreign exchange rates issued by the Central Bank of Libya pursuant to the daily bulletin of foreign exchange rates.

And God is the Best of Planners.

"Dr. Mohamed Abdel Jalil Abousnina"

Director of Bank Supervision and Banking Department

Copy to: His Excellency the Governor
Copy to: His Excellency the Deputy Governor Copy to: The Managers of the Central Bank of Libya Branches (Benghazi - Sabha - Sirte) Copy to the Postal Department Section with the attached example

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