Circular 9/2017

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

Reference: ( N.M.R / 804 )

Circular No. ( 9 / 2017 )
Date: 07 Safar 1439 AH ...
Corresponding to: 06 November 2017 AD ...

To: General Managers of Banks
Mr. General Manager - Libyan Foreign Bank

Greetings,

Based on the provisions of Law No. (1) of 2005 concerning Banks, as amended by Law No. (46) of 2012, and on the supervisory and regulatory role exercised by the Central Bank of Libya over commercial banks in accordance with the provisions of the law.

We inform you that the Central Bank of Libya has established that a new metallic coin (metal dinar) is being circulated as currency, which was not issued by the competent authority for issuing currency (the Issuing Department), in violation of the aforementioned law. Given that the Central Bank of Libya is the institution responsible for issuing currency and maintaining its stability domestically and internationally.

Accordingly, you are requested not to accept the circulation of the aforementioned metallic currency in any form, nor to retain it at your banks.

Peace, mercy, and blessings of God be upon you,

Dr. Mukhtar Al-Hadi Al-Tawil
Director of the Department of Banking and Currency Supervision

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• To: The Governor
• To: The Deputy Minister of Finance
• To: The Deputy Minister of Accounting
• To: The Administrative Supervision Authority
• To: The Deputy Minister of Economy
• To: The Director of the Issuing Department
• To: The Director of the Accounts Department
• To: The Director of the Payments and Settlements Department
• To: The Director of the Banking Operations Department
• To: The Director of the Legal Department
• To: The Director of the Main Financial Information Unit
• To: General Managers of Central Bank of Libya Branches (Benghazi - Sabha - Sirte)
• To: General Managers of Departments and Units in Banks (Audit, Compliance, Anti-Money Laundering)
• To: Inspection Reports Follow-up Department
• To: Banking Follow-up and Compliance Monitoring Department
• Eng. Al-Fitouri / Circular No. 2017/9

Central Bank of Libya

Phone: +218 21 333 218 3591, Fax: +218 21 444 1488, www.cbl.gov.ly, swift code: CBLJLYLX