Exclusive: Central Bank Issues Strict Banking Service Pricing Rules, Mandates Full Disclosure and Prohibits Additional Fees

Our source exclusively obtained the circular from the Central Bank of Libya outlining strict rules for banking service pricing. Banks are required to fully comply, avoid imposing any fees not specified, and disclose all banking service charges transparently.

The regulations include withdrawal commissions as follows:

• Up to 1,000 LYD: 1 LYD commission
• 1,001 to 10,000 LYD: 1.0% commission
• 10,001 to 100,000 LYD: 1.5% commission
• Over 100,000 LYD: 2.0% commission