On September 23, 2011, OFAC issued General License No. 8A 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. 8A replaces and supersedes General License No. 8 (dated September 19, 2011), and consistent with United Nations Security Council Resolution 2009 (2011), authorizes all transactions involving the Government of Libya, its agencies, instrumentalities , and controlled entities, and the Central Bank of Libya, provided that (1) all funds, including cash, securities, bank accounts, and investment accounts, and precious metals blocked pursuant to Executive Order 13566 or the Libyan Sanctions Regulations as of September 19, 2011, remain blocked (expect as provided in General License No. 7A dated September 19, 2011); and (2) the transactions do not involve any persons listed in the Annex to General License 8A.
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