Regulatory Alerts2010-06-23
Added · Updated
Circular 2010/7: Regulated Payment Means for Financing the Import of Raw Materials and Operational Supplies for Industrial Purposes
Industrial entities importing spare parts, production supplies, and raw materials for non-resale purposes are authorized to make foreign currency transfers without a specified ceiling, provided they adhere to settlement deadlines set by the Central Bank of Libya. Commercial banks are required to report any entities that fail to submit customs declarations within the timeframes established by Circular 2009/5.
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