In Foreign Exchange,
IMPOSED BY UN SECURITY COUNCIL AGAINST LIBYA
suppression of the instructions contained in F.E.
Circular No. 77 dated the 30th November, 1993
we enclose a copy of the new guidelines of the UN Sanctions
Committee on Libya. In case Authorized Dealers need clarification
for deciding any specific case, the same may be referred
to us. Such reference shall, interalia, contain the following
the entity in question is one in which the Government
or Public Authority of Libya or any Libya undertaking
is a majority share-holder.
case the Government or Public authorities of Libya
or any Libyan undertaking as defined in the resolution
is a minority share-holder, whether it exercises effective
The contents of this circular may please be brought to the
notice of your constituents.