The Central Bank of Libya (CBL) has called on bank managers to take all necessary measures to facilitate customer deposits of the 50 dinar banknote of the first and second prints, in accordance with the decision to withdraw it from circulation.
The CBL recommended not to impose any commissions on customer deposits for this process, indicating that the issue will be subject to evaluation and attention by the Banking and Monetary Control Department.
It also expressed its intention to conduct inspection tours to determine the banks’ compliance with the instructions issued, warning that severe penalties will be applied to violating banks in accordance with the provisions of the law and applicable legislation.
Economy
