2023-07-12

Circular 2/2017: Regulations Governing the Use of Foreign Currency for Opening Documentary Credits

The Regulator issued Circular 2/2017 to establish the regulations governing the use of foreign currency for opening documentary credits. These rules define the permissible conditions and procedures for utilizing foreign currency in letter of credit transactions. The circular applies to all relevant financial entities, taking effect during the year 2017.

Libya

Central Bank of Libya

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Circular 2/2017

Year: 2017

The Regulations Governing the Use of Foreign Currency for Opening Documentary Credits

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