2023-07-12

Circular 1/2016

The regulatory authority issued Circular 1/2016 to establish an annual ceiling for the sale of foreign currency under prepaid cards. This directive mandates financial institutions to apply the newly defined limit when processing related foreign currency transactions. The measure standardizes disbursement thresholds and ensures consistent regulatory compliance for prepaid card issuers.

Libya

Central Bank of Libya

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Circular 1/2016

Year: 2016

Regarding the determination of the annual ceiling for the sale of foreign currency under prepaid cards.

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