{"id":1087,"date":"2023-07-07T15:23:24","date_gmt":"2023-07-07T13:23:24","guid":{"rendered":"https:\/\/sada.ly\/en\/2023\/07\/07\/cbl-reports-reveals-the-accepted-bank-requests-to-cover-letter-of-credits-and-transfers\/"},"modified":"2023-07-07T15:23:24","modified_gmt":"2023-07-07T13:23:24","slug":"cbl-reports-reveals-the-accepted-bank-requests-to-cover-letter-of-credits-and-transfers","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/cbl-reports-reveals-the-accepted-bank-requests-to-cover-letter-of-credits-and-transfers\/","title":{"rendered":"CBL reports reveals the accepted bank requests to cover Letter of Credits and transfers"},"content":{"rendered":"\n<p class=\"has-text-align-left wp-block-paragraph\" dir=\"ltr\">This section of the report publishes the accepted bank requests to cover Letters of Credits and transfers, except for personal purposes, from 1\/1 \u2013 to 30\/06\/2023 where it mentioned the number of companies, factories, public entities, and other entities whose applications were approved to purchase foreign exchange from 1\/1 \u2013 to 30\/06\/2023 and has reached (1,521), with a number of applications amounting to 7,833 applications. Most of these applications were made in purpose to cover letters of credits, which were 6,895 applications, 88.0% of the total, as shown in the following table:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/sada.ly\/wp-content\/uploads\/2023\/07\/image-3.png\" alt=\"\" class=\"wp-image-183501\"><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left wp-block-paragraph\" dir=\"ltr\"><strong>Banks&#8217; requests to cover letters of credit and transfers \u2013 all sectors (According to the beneficiary countries<\/strong>)<br>The table below shows the values of banks\u2019 requests made by all sectors to purchase foreign exchange from1\/1 \u2013 to 30\/06\/2023, the table illustrates the value in terms of beneficiary countries, it is clear that 37.0% of bank transfers to cover letters of credit or other transfers were to the United Arab Emirates, whereas Turkey was in second place with a rate of 8.2%, followed by Egypt and China with rates of 6.1 % and 5.9%, respectively. The following table shows the important twenty beneficiary countries.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/sada.ly\/wp-content\/uploads\/2023\/07\/image-4.png\" alt=\"\" class=\"wp-image-183503\"><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-left wp-block-paragraph\" dir=\"ltr\"><strong>Banks requests to cover letters of credit and transfers-all sectors (According to the countries of origin for the goods or services<\/strong>)<br>The table below shows the values of banks\u2019 requests made by all sectors to purchase foreign exchange by goods or services origins from 1\/1 \u2013 to 30\/06\/2023, It is clear that Turkey ranked first, as goods or services of Turkish origin accounted for 20.6% of the total accepted purchase requests. Imports of goods or services of Chinese origin came in second place, accounting for 13.1% of the total, and goods or services of Egyptian origin accounted for 12.2% ranked third during the period, while goods and services of Russian origin accounted for 6.7%, and those of Indian origin accounted for 5.9%., while the goods and services of Tunisian origin accounted for 4.5% of the total. The following table shows twenty countries of origin for goods or services.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Order<\/strong><strong><\/strong><\/td><td><strong>Country of origin of goods or services<\/strong><strong><\/strong><\/td><td><strong>Value in USD<\/strong><strong><\/strong><\/td><td><strong>Relative Importance %<\/strong><strong><\/strong><\/td><\/tr><tr><td>1<\/td><td>Turkey<\/td><td>1,342,251,435<\/td><td>%20.6<\/td><\/tr><tr><td>2<\/td><td>China<\/td><td>855,053,767<\/td><td>%13.1<\/td><\/tr><tr><td>3<\/td><td>Egypt<\/td><td>793,014,921<\/td><td>%12.2<\/td><\/tr><tr><td>4<\/td><td>Russian Federation<\/td><td>434,016,377<\/td><td>%6.7<\/td><\/tr><tr><td>5<\/td><td>India<\/td><td>384,915,126<\/td><td>%5.9<\/td><\/tr><tr><td>6<\/td><td>Tunisia<\/td><td>295,839,136<\/td><td>%4.5<\/td><\/tr><tr><td>7<\/td><td>Brazil<\/td><td>195,352,797<\/td><td>%3.0<\/td><\/tr><tr><td>8<\/td><td>Italy<\/td><td>183,458,662<\/td><td>%2.8<\/td><\/tr><tr><td>9<\/td><td>Germany<\/td><td>182,390,982<\/td><td>%2.8<\/td><\/tr><tr><td>10<\/td><td>United Arab Emirates<\/td><td>172,289,423<\/td><td>%2.6<\/td><\/tr><tr><td>11<\/td><td>Ukraine<\/td><td>123,171,896<\/td><td>%1.9<\/td><\/tr><tr><td>12<\/td><td>Sweden<\/td><td>119,094,670<\/td><td>%1.8<\/td><\/tr><tr><td>13<\/td><td>South Korea<\/td><td>118,420,711<\/td><td>%1.8<\/td><\/tr><tr><td>14<\/td><td>Spain<\/td><td>113,384,953<\/td><td>%1.7<\/td><\/tr><tr><td>15<\/td><td>Argentina<\/td><td>109,558,302<\/td><td>%1.7<\/td><\/tr><tr><td>16<\/td><td>Netherland<\/td><td>98,230,248<\/td><td>%1.5<\/td><\/tr><tr><td>17<\/td><td>Thailand<\/td><td>84,793,874<\/td><td>%1.3<\/td><\/tr><tr><td>18<\/td><td>Ireland<\/td><td>75,480,236<\/td><td>%1.2<\/td><\/tr><tr><td>19<\/td><td>Belgium<\/td><td>70,661,416<\/td><td>%1.1<\/td><\/tr><tr><td>20<\/td><td>Indonesia<\/td><td>62,555,517<\/td><td>%1.0<\/td><\/tr><\/tbody><\/table><figcaption><strong>Banks requests to cover letters of credit and transfers &#8211; all sectors<\/strong><br><strong>According to the countries of origin for the goods or services<\/strong> <strong>From 1 \u2013 1 to 30\/06\/2023<\/strong><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This section of the report publishes the accepted bank requests to cover Letters of Credits and transfers, except for personal purposes, from 1\/1 \u2013 to 30\/06\/2023 where it mentioned the number of companies, factories, public entities, and other entities whose applications were approved to purchase foreign exchange from 1\/1 \u2013 to 30\/06\/2023 and has reached [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[498],"class_list":["post-1087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bankingbankscentral-bank-of-libyaletter-of-creditslibyatransfers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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