2023-07-12

Circular 1/2014

The Central Bank of Libya issued Circular 1/2014 to regulate documentary credit operations by state entities. The circular mandates that the Price Equalization Fund and the Medical Supply Agency must obtain prior Central Bank approval before opening any documentary credits. This requirement centralizes foreign exchange commitments and prevents unauthorized credit issuance by these agencies.

Libya

Central Bank of Libya

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Circular 1/2014

Year: 2014

Regarding the non-opening of any documentary credits ordered by the Price Equalization Fund and the Medical Supply Agency, except with the approval of the Central Bank of Libya.

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