Central Bank of Libya

P.O. Box 1103, Telegram Address: Masraf Libya - Tripoli, Libya

Reference No.: 702/AMN

Circular Letter No. AMN (2013/189)

Date: 26 Dhu al-Hijjah 1434 AH ... Corresponding Date: October 31, 2013 AD ....

To: General Managers of Commercial Banks To: Chairmen of the Interim Administrative Committees of Commercial Banks To: General Manager - Libyan External Bank

Greetings, ...

This Administration has received the letter from Mr./Secretary General of the Council of Ministers of the Libyan Interim Government, Reference No. 11263 dated October 28, 2013, which referred to the Council of Ministers' review during its 31st and 32nd ordinary meetings for the year 2013 of the subject matter regarding the suspension of financial transfer procedures for foreign companies, as stipulated in the letter from the Secretary General of the People's General Committee (formerly) No. (2765) dated May 26, 2011. It further informed, via its letter, that the Council of Ministers decided to cancel Reference No. (2765) and lift the suspension on financial transfers abroad, such that they shall be in accordance with the principles and regulations enforced by the Central Bank of Libya.

And with reference to our Circular Letter No. AMN (2011/97) dated June 22, 2011, which forwarded the letter from Mr./Secretary General of the People's General Committee, Reference No. 2765 dated May 26, 2011, which requested the suspension of foreign companies' transfers abroad or the use of their accounts for local withdrawal purposes, except with prior coordination with national entities contracted with them.

And as we enclose for you a copy of the letter from Mr./Secretary General of the Council of Ministers of the Libyan Interim Government dated October 28, 2013, referenced above, it is requested that you take the necessary measures regarding lifting the suspension on withdrawing any local currency amounts belonging to foreign companies, in the absence of other legal impediments, with the necessity of referring to the Central Bank of Libya regarding any financial transfers abroad ordered by foreign companies operating in Libya.

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

"Abdul Magid Muhammad Al-Mathouri" Director of the Banking and Currency Supervision Department / Acting

Copy to: //
To the Governor
To the Deputy Governor
To the Secretary General of the Council of Ministers
To the Undersecretary of the Ministry of Housing and Utilities
To the Banking Follow-up and Compliance Monitoring Department
/ Muhammad * 19

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

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FROM: CBL gov
FAX NO.: 00218214442471
31 Oct. 2013 08:17AM P1

Libyan Interim Government

Office of the Prime Minister

Date: 2013/10/28
Reference No.: 11263

44-1

To the Governor / Central Bank of Libya

Greetings, ...

The Council of Ministers reviewed during its 31st and 32nd ordinary meetings for the year 2013 the subject matter regarding the suspension of financial transfer procedures for foreign companies, as stipulated in the letter from the Secretary General of the People's General Committee (formerly) No. (2765) dated May 26, 2011.

We inform you that the Council of Ministers decided to cancel the aforementioned letter and lift the suspension on financial transfers abroad, such that they shall be in accordance with the principles and regulations enforced by the Central Bank of Libya.

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

Osama Al-Abd Al-Abd Secretary General of the Council of Ministers

Libyan Interim Government
General Presidency

Copy to:

• Prime Minister
• Deputy Prime Minister
• Secretary of the Council of Ministers Affairs
• Director of Legal and Constitutional Affairs Department
• Follow-up Department Director
• Office of the Secretary General of the Council of Ministers Director
  (Note: ... / Hawa)

Tripoli - Railway Road: Tel +218 (21) 3620117 - 3344210
Fax +218 (21) 3620132
www.pm.gov.ly