Regulatory Alerts2023-07-12
Circular 3/2017: Regulations Governing the Sale of Foreign Currency for Personal Purposes for 2017 Disbursed to Heads of Libyan Families
The Libyan financial regulator issued Circular 3/2017 to establish the regulations governing the sale of foreign currency for personal purposes. The directive requires authorized banks to allocate and disburse foreign currency specifically to heads of Libyan families under the 2017 framework. It standardizes eligibility criteria, transaction limits, and distribution procedures to ensure consistent household financial support.
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