2023-07-12

Circular 12/2012 Regarding the Cancellation of the 25% Cash Guarantee on External Remittances for Importing Goods and Production Means

The Regulator issued Circular 12/2012 to cancel the mandatory 25% cash guarantee on external remittances allocated for importing goods and production means. This cancellation applies to all qualifying foreign currency transfers previously subject to the guarantee under Circular No. 4/2012. Importers are no longer required to withhold the specified cash reserve, effectively reducing liquidity constraints and streamlining foreign exchange disbursements.

Libya

Central Bank of Libya

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Circular 12/2012

Year: 2012

Regarding the cancellation of the cash guarantee stipulated at 25% of the value of external remittances executed for importing goods and production means, pursuant to Circular No. (4) 2012

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