Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter (62/2015)
The Central Bank of Libya, in coordination with the Ministry of Economy, issued Circular Letter No. 62/2015 to enforce a temporary six-month ban on importing approximately thirty-seven categories of goods under documentary credits. This measure aims to stabilize the banking sector and national economy by prioritizing essential food, raw materials, and operational supplies for local factories serving citizens' basic needs. Banks are directed to implement the ban immediately, notify their customers, and coordinate with relevant authorities to ensure uninterrupted supply of exempted items.
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