The Central Bank of Libya told our source exclusively: “As part of its commitment to fairness and equal opportunity among suppliers of goods and services, an electronic system will be launched starting in early August to accept letters of credit applications through banks. This system will allow suppliers to submit their requests digitally, and the applications will be processed based on date and order of submission.”
The system will also enable the Central Bank to monitor and audit transactions until the currency purchase process is completed through the Central Bank. The bank will announce and introduce this system soon.
