Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter (2012/7)
The Central Bank of Libya requires commercial banks, interim administrative committees, and the Libyan Foreign Bank to urgently submit statements detailing open, settled, and committed Letters of Credit by goods category for the period from September 2011 to January 10, 2012. This directive prioritizes basic and essential imported goods while excluding seven specific categories previously identified by the Economic Affairs Department. Banks must provide this data as soon as possible to ensure compliance with the Governor's instructions on implementing documentary credits for imports.
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