{"id":255142,"date":"2025-10-07T19:32:32","date_gmt":"2025-10-07T17:32:32","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255142"},"modified":"2025-10-07T19:32:32","modified_gmt":"2025-10-07T17:32:32","slug":"exclusive-central-bank-urges-banks-to-expedite-the-issuance-and-delivery-of-bank-cards-warns-of-severe-penalties-for-non-compliance","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/exclusive-central-bank-urges-banks-to-expedite-the-issuance-and-delivery-of-bank-cards-warns-of-severe-penalties-for-non-compliance\/","title":{"rendered":"Exclusive: Central Bank Urges Banks to Expedite the Issuance and Delivery of Bank Cards, Warns of Severe Penalties for Non-Compliance"},"content":{"rendered":"\n<p>Our source exclusively obtained the Central Bank of Libya\u2019s circular addressed to all banks, urgently requesting them to take several measures \u2014 most notably to <strong>accelerate the process of issuing and delivering bank cards<\/strong> within a short timeframe that meets customers\u2019 needs and enhances their satisfaction.<\/p>\n\n\n\n<p>The Central Bank also instructed banks to <strong>immediately address the causes of delays<\/strong> and to provide the necessary technical and human resources to speed up procedures related to bank cards and electronic banking services.<\/p>\n\n\n\n<p>According to the circular, banks are also required to <strong>submit a detailed report<\/strong> to the Department of Banking Supervision and Currency within one week from the date of the circular. The report should include the number of applications submitted by customers to obtain bank cards that have not yet been processed, specifying the reasons for the delays and the corrective actions taken.<\/p>\n\n\n\n<p>The circular further emphasized that, due to the importance of this matter, these instructions will be subject to <strong>evaluation and follow-up points<\/strong> by the Department of Banking Supervision and Currency, targeting executive managements and boards of directors to assess the level of implementation. Bank branches will also be subject to <strong>regular inspection visits<\/strong> to ensure compliance, and any bank found in violation will face <strong>the strictest penalties prescribed by law<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"721\" height=\"1024\" src=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/10\/IMG_1492-721x1024-1.jpeg\" alt=\"An official circular issued by the Central Bank of Libya instructing all banks to expedite the process of issuing and delivering bank cards, address causes of delays, and provide detailed reports on pending applications.\" class=\"wp-image-255144\" srcset=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/10\/IMG_1492-721x1024-1.jpeg 721w, https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/10\/IMG_1492-721x1024-1-676x960.jpeg 676w, https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/10\/IMG_1492-721x1024-1-211x300.jpeg 211w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><figcaption class=\"wp-element-caption\"><em>Central Bank of Libya directs banks to speed up the issuance and delivery of bank cards, warning that violators will face strict penalties.<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Our source exclusively obtained the Central Bank of Libya\u2019s circular addressed to all banks, urgently requesting them to take several measures \u2014 most notably to accelerate the process of issuing and delivering bank cards within a short timeframe that meets customers\u2019 needs and enhances their satisfaction. The Central Bank also instructed banks to immediately address [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1086,613],"class_list":["post-255142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-centra-bank","tag-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=255142"}],"version-history":[{"count":2,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255142\/revisions"}],"predecessor-version":[{"id":255146,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255142\/revisions\/255146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/255143"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=255142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=255142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=255142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}