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Issuance of Libya General License No. 11 Unblocking the Government of Libya and the Central Bank of Libya, With Certain Exceptions

On December 16, 2011, OFAC issued General License No. 11 pursuant to the Libyan Sanctions Regulations, 31 CFR Part 570, and Executive Order 13566 of February 25, 2011, "Blocking Property and Prohibiting Certain Transactions Related to Libya."  General License No. 11 unblocks all property and interests in property of the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya (including Libyan Arab Foreign Bank), except that all funds, including cash, securities, bank accounts, and investment accounts, and precious metals of the Libyan Investment Authority (“LIA”) and entities owned or controlled by the LIA (including the Libyan Africa Investment Portfolio) blocked as of September 19, 2011, remain blocked.

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Last Updated: 12/16/2011 6:47 PM