2023-07-12

Circular 7/2017

The financial regulator issued Circular 7/2017 to establish binding guidelines governing cross-border remittances for medical treatment and academic studies. The directive requires licensed financial institutions to implement standardized procedures for processing outward transfers, verify supporting documentation, and report transactions in compliance with foreign exchange regulations. These measures streamline approval workflows for patients and students while ensuring accurate regulatory tracking of capital outflows.

Libya

Central Bank of Libya

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Circular 7/2017

Year: 2017

Regulations concerning remittances for medical treatment and study abroad

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