The Central Bank of Libya issued a number of new decisions aimed at restoring customers’ confidence in banks, in terms of developing and improving the services and products provided by banks, and meeting customers’ needs and requirements in transactions between individuals and companies.
The bank announced the cancellation of all ceilings imposed on cash withdrawals, the cancellation of all restrictions and ceilings imposed on certified instruments, and the cancellation of ceilings imposed on all internal bank transfers, including RTGS.
The bank also announced, “Working to reduce commissions on electronic services, and abolishing the limits imposed on cards for withdrawals from ATMs, and the limits on the use of bank cards at POS points of sale.”
The bank circulated “to all branches and agencies affiliated with your banks regarding the commitment to implement them,” noting that “all branches and banking agencies affiliated with the banks will be subjected to qualitative inspection to determine the implementation of the instructions and hold them fully responsible for non-compliance with what was stated.”
Yesterday, the Central Bank of Libya issued a circular to banks that included new controls for the sale of foreign exchange.
Last updated: October 15, 2024 – 16:39
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