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Exclusive: Central Bank Authorizes Banks to Allow National Industrial Companies to Transfer Loan Installments from Foreign Banks or Financial Institutions

Our source has obtained a copy of the Central Bank of Libya’s instructions to commercial banks, permitting national industrial companies operating in Libya—and meeting all legal requirements—to transfer installments of loans obtained from foreign banks or financial institutions.

This is conditional on obtaining prior approval from the Banking and Currency Supervision Department for transferring these installments and fulfilling all stipulated requirements and documentation.

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