Our source has exclusively obtained a circular issued by the Central Bank of Libya to banks and the Transactions Company regarding the amendment of transfer ceilings between banks operating in Libya for the instant payment service.
For transfers between individuals, the ceiling per transaction is set at 300,000 dinars, with a maximum limit of 500,000, a weekly movement ceiling of 2 million, and a monthly ceiling of 4 million.
According to the Central Bank, for purchases from an individual to a merchant or companies, the limit per single transaction is 300,000, the daily limit is 1 million, the weekly limit is 5 million, and the monthly limit is 10 million.
For transfers between merchants and companies, the limit is 3 million per single transaction, 10 million daily, 40 million weekly, and 50 million monthly.
