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Exclusive.. Central Bank: Committees Will Begin Granting New Approvals for Letters of Credit, While Personal-Purpose Sales Continue at a Faster Pace

The Central Bank of Libya told our source that, following a review of some procedures regulating the granting of approvals for letters of credit and their authorization to banks as of tomorrow, the committees tasked with this process will begin granting new approvals for letters of credit.

The approvals will also be authorized to banks, while the sale of the values of approved letters of credit will continue, along with the sale of foreign currency for personal purposes at a faster pace.

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