2002-02-10

Added 2026-06-04 · Updated 2026-08-14

Central Bank of Libya Decision No. 1 of 2013 on Regulating Foreign Currency Transactions and Defining Authorities for Executing External Transfers

This decision grants commercial banks the authority to approve and execute external transfers for public entities, agricultural and medical imports, and personal purposes, subject to specific documentation and limit requirements. The maximum transfer limit for public entities and private legal persons is set at $100,000 per transaction or year, while the limit for individuals is $15,000. Transfers exceeding these thresholds require the opening of a documentary credit. The Central Bank of Libya supervises compliance and requires statistical reporting of executed transactions.

Libya

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