Our source has exclusively obtained a copy of a letter from the Central Bank of Libya to Jumhouria Bank, stating that Al-Bashir Printing, Publishing, Advertising, and Promotion Company has been granted an exemption from the ceiling on letters of credit, based on its request, to cover the costs of school textbooks.
The letter added:
“We approve raising the ceiling of letters of credit by $23.5 million for Al-Bashir Company, provided that the necessary approvals are obtained from the competent oversight authorities and that all regulatory procedures governing the use of foreign currency are followed.”
