Regulatory Alerts2022-06-07
Circular Letter (85/2015)
The Central Bank of Libya issued Circular Letter (85/2015) to mandate that international airline companies operating in Libya submit a certificate from the Airports Authority confirming zero financial obligations before transferring surplus sales abroad. This requirement, coordinated with the Ministry of Transport, supplements existing regulatory approvals for foreign exchange transfers. The directive applies to all commercial banks and interim administrative committees, ensuring compliance with the updated transfer framework established in 2014.
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