Regulatory Alerts2024-10-07
Added · Updated
Circular 14/2024: Implementation of Parliamentary Decision No. 68/2024 on Exchange Rate Fee
The Central Bank of Libya issued Circular 14/2024 to enforce Parliamentary Decision No. 68/2024, which reduces the official exchange rate fee to 20% for all purposes. Banks are required to implement this fee adjustment immediately and resume personal goods systems while facilitating documentary credit procedures. The revenue generated from this fee is designated for developmental projects or general debt repayment reserves as stipulated by law.
Topics
fx
credit
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