Circular 7/2026

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

Circular: Erm No. (2026/7)
Date: 7 Ramadan 1447
Corresponding to: 25 February 2026

To:
Heads of Boards of Directors of Licensed Exchange Companies Managers of Licensed Exchange Offices

Greetings,

Based on the provisions of Law No. 1 of 2005 and its amendments, the supervisory and regulatory role of the Central Bank of Libya, the Board of Directors of the Central Bank of Libya Decision No. 8 of 2024 regarding the final approval of exchange offices and companies and the rules governing their work, and Decision No. 5 of 2026 regarding the determination of the maximum limit for the percentage of foreign currency sales.

And with reference to Circular Erm No. 16 of 2025 regarding the foreign currency profit margin, Circular Erm No. 17 of 2025 regarding authorizing banks to open foreign currency accounts on behalf of exchange companies and offices, and Circular Erm No. 2 of 2026 regarding the controls for selling foreign currency to individuals through exchange offices and companies.

We inform you of the issuance of the Central Bank of Libya instructions to amend Paragraph 1/3 of Circular Erm No. (2) of 2026, to read as follows:

"Exchange companies and offices shall determine three bank accounts in three banks operating in Libya as the maximum limit for transactions through them, and notify the Banks and Currency Control Department thereof, and they are not allowed to change these accounts except with prior approval from the Banks and Currency Control Department."

Accordingly, you are requested to take the necessary measures to put these instructions into implementation.

Peace be upon you

Abduljalil Ali Al-Zalitani
Deputy Director of the Banks and Currency Control Department for Office Supervision and Compliance Follow-up

To:
The Governor
The Deputy Governor
The Director of the Banks and Currency Control Department The Director of the Libyan Financial Information Unit - Central Bank of Libya The Director of the Information Technology Department - Central Bank of Libya The Director of the Research and Statistics Department - Central Bank of Libya The Director of the Accounts Department - Central Bank of Libya The Deputy Director of the Banks and Currency Control Department To:
The Deputy Director of the Banks and Currency Control Department for Banking Supervision Affairs / Benghazi The Deputy Director of the Banks and Currency Control Department for Islamic Banking Affairs The Deputy Director of the Banks and Currency Control Department for Inspection To:
The Directors of Compliance Departments at Banks

Circulars 2026

Phone: +218 333 218 3591 - Fax: +218 444 1488 218 - www.cbl.gov.ly - Swift code: CBLJLYLX