Regulatory Alerts2022-06-07
Circular Letter No. 192/2013
The Central Bank of Libya issued Circular Letter 192/2013 to mandate that commercial banks and interim administrative committees route medical foreign remittances through Libyan embassy health offices abroad rather than directly to hospitals. This directive, grounded in Law No 1 of 2005 and building upon prior exemptions granted to specific medical committees, requires direct embassy transfers when health office routing proves unfeasible. Consequently, banking operations must align with this centralized medical payment channel to ensure compliance with the governor's approval and established foreign exchange regulations.
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