Regulatory Alerts2022-06-07
Added · Updated
Circular Letter (5/2015)
The Central Bank of Libya instructs commercial banks, their interim administrative committees, and the Libyan Foreign Bank to disregard any transactions involving the Ministry of Defense, the military institution, or its affiliated entities unless they bear the personal signature of the Chairman of the Supreme Council for National Defense. This directive implements a request from the Chairman of the Supreme Council for National Defense dated December 31, 2014, requiring specific authorization protocols for all dealings with defense-related bodies.
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