Our source has obtained a circular issued by the Central Bank of Libya to Muamalat Company and electronic payment companies regarding the issuance of electronic wallets for foreigners legally residing in Libya.
According to the circular, the transfer limits for Libyans have been set as follows:
- 100,000 dinars for transfers between individuals
- 500,000 dinars for transfers from an individual to a company
- 2 million dinars for transfers from a company to another company
For foreigners, the limits are:
- 50,000 dinars for transfers from one individual to another
- 100,000 dinars for transfers from an individual to a company
The Central Bank told our source that this circular is very important for citizens, craftsmen, manual workers, small commercial activities, and entrepreneurs, in addition to foreign workers such as plumbers, builders, electricians, and others, noting that the previous transfer limits were only 150 dinars.
