Circular Letter No. 17/2015

Central Bank of Libya
P.O. Box 1103 | Telegram Address: Bank of Libya - Tripoli, Libya

Reference No.: Ar/N / 804
Circular Letter No. Ar/N (17/2015)
Date: 11 Rabi' al-Thani 1436 AH
Corresponding Date: 01 February 2015 AD

To: General Managers of Commercial Banks
To: Heads of Interim Administrative Committees of Commercial Banks To: General Manager - Libyan Foreign Bank

Greetings...

The Central Bank of Libya has received a letter from the Head of the Libyan Audit Bureau, bearing Reference No. (15-19-690), dated 29/01/2015 AD, addressed to the Governor of the Central Bank of Libya and the General Managers of Commercial Banks, which is self-explanatory.

And if the attached letter from the Head of the Libyan Audit Bureau mentioned above is received, please take the necessary actions regarding it.

Peace, mercy of Allah and blessings be upon you...
"Abdel Magid Mohammed Al-Mathouri"
Director of Banking and Currency Supervision Department / Authorized

Copies to: //
To the Governor
To the Deputy Governor
To the Director General of the Audit Bureau
To the Press Monitoring and Compliance Department / F.B. / Circular Letters

www.cbl.gov.ly, SWIFT Code: CBLJLYLX, Fax: +218 21 444 1488, Tel: +218 21 333 3591

Libyan Audit Bureau
Head of Audit Bureau Office

Date: 29/1/2015 AD
Reference No.: 15-19-690

Clarification Circular
To the Respected Governor of the Central Bank of Libya.
To the Respected General Managers of Banks:
(Al-Jumhuria - Al-Wahda - Al-Sahari - National Commercial Bank - North Africa - Libyan Foreign Bank - Al-Motahed - Al-Aman - Al-Mutawassit - Arab Commercial Bank - Trade and Development - Gulf One - Sahel and Sahara - Al-Wafa - Al-Waha - Arab Assembly).

Greetings...

In continuation and clarification of our letters No. (15-19-453) dated 20.01.2015 AD and (15-19-633) dated 26.01.2015 AD, regarding an important and urgent circular concerning the freezing and suspension of disbursements for all treasury accounts routed through your respective channels to government entities, institutions, and departments (funded by the General Treasury).

Acceptance is permitted for checks attached to "Marrabat" (budgetary allocations) and their governing documents for the aforementioned government entities for the year 2014 AD, as follows:

1. The receiving bank, upon accepting checks with Marrabat holdings, shall endorse the back of the check form and certify it with a bank stamp indicating that the value represents Marrabat for the year 2014 AD according to the attached holdings data, with the respective entity bearing responsibility for it.

2. The list accepts endorsed checks indicating that they are Marrabat for the year 2014 AD, subject to deduction from the issuing entity's account in favor of the receiving bank.

For importance, cooperation in implementation and compliance is requested Please accept the highest greetings and respect

Khaled Ahmed Shokshok
Head of the Audit Bureau

Libyan Audit Bureau
Dahra Square - Tripoli, Libya P.O.Box: 2879 Fax: +218 21 444 0630 dowan.libya@hotmail.com

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Jun, 14 2007 01:14AM PI