Regulatory Alerts2023-07-12
Circular 16/2012: Referral of the Central Bank of Libya Board Decision on Free Remittances for Goods Supply
The Central Bank of Libya issued Circular 16/2012 to formalize the Board of Directors' decision governing free remittances for goods supply. The directive establishes clear regulatory parameters and procedural requirements for processing these unrestricted financial transfers to support domestic trade operations. By standardizing the approval mechanism, the circular streamlines import financing and ensures compliance with national monetary policies.
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