Exclusive to Sada: Some Free, Some Fee-Based – Full Breakdown of Banking Service Charges under Central Bank Regulations
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Our source has exclusively obtained the Central Bank’s circular to banks regarding the pricing regulations for electronic services. The circular outlines the maximum fees and commissions for account…
        
        
                        
                
                
                        Exclusive: Central Bank Issues Strict Banking Service Pricing Rules, Mandates Full Disclosure and Prohibits Additional Fees
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Our source exclusively obtained the circular from the Central Bank of Libya outlining strict rules for banking service pricing. Banks are required to fully comply, avoid imposing any fees not specif…
        
        
                        
                
                
                        Exclusive: Central Bank Studying Regulations to Allow Direct Transfers to the Chinese Market and Imports via Documents Against Collection
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The Central Bank of Libya revealed exclusively to our source that it is currently studying the establishment of regulations to permit direct foreign currency transfers to the Chinese market.
The…
        
        
                        
                
                
                        Exclusive – Central Bank Issues Circular to Banks on Providing Branches with Necessary Cash, Especially in Areas Outside Tripoli
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Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks, instructing them to provide their branches—especially those located outside the city of T…
        
        
                        
                
                
                        Exclusive: Central Bank Begins Completing Approvals for Letters of Credit and Personal Purposes
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The Central Bank of Libya revealed exclusively to our source that it has begun this morning completing approvals for letters of credit and the sale of foreign currency to banks for documentary credi…
        
        
                        
                
                
                        Rabie Shrair Calls on NOC Chairman and Central Bank Governor to Halt Dealings with Oracle
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Rabie Shrair, head of the Forums for Sector Development, has urged Libyan banks and oil companies to urgently seek immediate alternatives to Oracle’s systems after evidence surfaced of the company’s…