Exclusive: Customs Sources — Central Bank to Link Letters of Credit with Cargo Tracking System from November

Our customs sources revealed in an exclusive statement that the Central Bank of Libya has issued a circular to commercial banks, requiring applicants for letters of credit to complete the registration process in the cargo tracking system for goods imported into Libya through the Customs Authority. The directive is to be implemented starting November 1, 2025, in full compliance with all foreign exchange regulations issued by the Central Bank.

The sources revealed: “We are awaiting implementation, as the Advanced Cargo Information (ACI) tracking system at the Customs Authority has already completed testing and has been operational since November 2024, with the Central Bank now taking this step.”