Regulatory Alerts2023-07-12
Added · Updated
Circular 9/2017
The Central Bank of Libya prohibits commercial banks from accepting or holding newly circulated metallic coins (dinars) that were not issued by the competent currency issuing authority. This directive requires banks to cease any form of circulation or retention of these specific coins in compliance with Banking Law No. 1 of 2005, as amended by Law No. 46 of 2012. The prohibition applies to all commercial banks and the Libyan Foreign Bank.
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