Regulatory Alerts2023-07-12
Circular 2/2012
The Central Bank of Libya issued Circular 2/2012 to officially terminate the measures outlined in Circular 1/2011 regarding the deferral of social loan installments and specific foreign exchange rates in the Eastern region. This directive mandates the unification of banking procedures across all branches operating in Libya, reflecting the normalization of conditions following the country's liberation. All commercial banks are required to adhere strictly to the daily foreign exchange rates published by the Central Bank of Libya.
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