Decisions

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Resolution No. 5 of the Board of the CBL of 2014	Redefinition of the prescribed fee on the liabilities depository for the benefit of ensuring the Depositors' Monetary Fund.The Annual subscription figure is calculated on the basis of (0.001) out of the total deposit guarantee fund as long as the drawing proceeds are not less than LYD250,000 (Two Hundred and Fifty Thousand Dinars), or more than LYD 20 million (Twenty million Dinars) for each bank.
Resolution No. 3 of the Board of the CBL of 2014	On the implementation of a fine .Al Jumhurya Bank, Mgaryif Branch, will be penalized due to irregularities uncovered by a qualitative inspection and will be fined LYD100,000 (one hundred thousand Dinars) along with the obligation on management to correct the violation and implement the requirements of articles (56) and (101) and (104) of the Banking law. It is thus required of Al Jumhurya Bank management to take the necessary legal and disciplinary action towards those employees who bear responsibility and must inform the Central Bank of Libya on the results of the investigation. The Supervision department of the Central Bank of Libya will assess the internal control systems of Al Jumhurya Bank.
Resolution No. 2 of the Board of the CBL of 2014	On the implementation of a fine.The main branch of Sahari Bank, Tripoli, will be penalized due to irregularities uncovered by qualitative inspection conducted on 8-12-2013 by a fine of LYD100,000 (one hundred thousand Dinars) along with the obligation on management to remove the violation and implement the requirements laid in articles (56) and (101) and (104) of banking laws.It is thus required of Sahari Bank management to take the necessary legal and disciplinary actions towards those employees who bear responsibility and inform the Central Bank of Libya on the outcome of the investigations. The Regulation department of the Central Bank of Libya will assess the internal control systems of Sahari Bank.
Resolution No. 1 of the Board of the CBL of 2014	Regarding the withdrawal of the sixth and seventh editions of the Libyan Dinar.The 6th and 7th edition Dinar notes will be withdrawn from circulation gradually starting from Thursday 6-2-2014.
Resolution No. 30 from the Board of the Central Bank of Libya of 2013	Imposes financial punishment on the Sovereign Bank for Trade and Investment for one hundred thousand dinars with the requirement the administration of the mentioned bank to remove the offense and comply pursuant to the provisions of articles (56) and (101-II) and (104) of the Banking law and take the necessary legal procedures and disciplinary actions to reprimand associated responsible employees and share the results of the investigation with CBL.
Resolution No.27 from the Board of the CBL for the year 2013	On initial approvals for applications to open foreign currency exchange companies and offices that meet the terms and conditions set forth in Resolution No 16 of the Board of the CBL, as amended by 35, and prohibit practicing of exchange activities by any party not having a license from the CBL. The Resolution also prohibits applicants to waive such initial approval thus granted, neither by sale nor by authorization to practice.
Resolution No.21 from the Board of the CBL for the year 2013	On levying a financial penalty on Gumhuriya Bank (Mohamed Maqrif Branch) and the SeraiBank with an amount of fifty thousand Libyan dinars each and requiring the two banks to correct the irregularities in line with the provisions of the Law No.1 for the year 2005, regarding the banks, as amended.
Resolution No. 11 from the Board of the CBL for the year 2013	Considering the permission for the constituted Committee under the governor resolution (78) for 2012 establishing a committee to issue new coin currency and determine their tasks and the necessary procedures. The commission is authorized to begin preparing the specifications requirements for the tender for issuing the coin currency and prepare recommendations regarding the most qualified proposals issued by the participating entities.
Resolution No. 9 from the Board of the Central Bank of Libya of 2013	Regarding the delegation for the governor to damage the currency ((mandate the Governor to make arrangements for the damage the currency, and authorize him to issue required decisions in particular)).
--Resolution No. 8 from the Board of the Central Bank of Libya of the year 2013	Imposes financial punishment on the Sovereign Bank for Trade and Investment for one hundred thousand dinars with the requirement the administration of the mentioned bank to remove the offense and comply pursuant to the provisions of articles (56) and (101-II) and (104) of the Banking law and take the necessary legal procedures and disciplinary actions to reprimand associated responsible employees and share the results of the investigation with CBL.
Resolution No. 7 of the Board of the CBL of 2013	Imposes a financial penalty on the National Commercial Bank of thirty thousand dinars for violating the rules and regulations of the Organization of the Islamic banking system according with the provisions of articles (56), (104) of the Banking law requiring the Bank to remove the violation.