{"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

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

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Banks’ requests to cover letters of credit and transfers \u2013 all sectors (According to the beneficiary countries<\/strong>)
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

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Banks requests to cover letters of credit and transfers-all sectors (According to the countries of origin for the goods or services<\/strong>)
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

Order<\/strong><\/strong><\/td>Country of origin of goods or services<\/strong><\/strong><\/td>Value in USD<\/strong><\/strong><\/td>Relative Importance %<\/strong><\/strong><\/td><\/tr>
1<\/td>Turkey<\/td>1,342,251,435<\/td>%20.6<\/td><\/tr>
2<\/td>China<\/td>855,053,767<\/td>%13.1<\/td><\/tr>
3<\/td>Egypt<\/td>793,014,921<\/td>%12.2<\/td><\/tr>
4<\/td>Russian Federation<\/td>434,016,377<\/td>%6.7<\/td><\/tr>
5<\/td>India<\/td>384,915,126<\/td>%5.9<\/td><\/tr>
6<\/td>Tunisia<\/td>295,839,136<\/td>%4.5<\/td><\/tr>
7<\/td>Brazil<\/td>195,352,797<\/td>%3.0<\/td><\/tr>
8<\/td>Italy<\/td>183,458,662<\/td>%2.8<\/td><\/tr>
9<\/td>Germany<\/td>182,390,982<\/td>%2.8<\/td><\/tr>
10<\/td>United Arab Emirates<\/td>172,289,423<\/td>%2.6<\/td><\/tr>
11<\/td>Ukraine<\/td>123,171,896<\/td>%1.9<\/td><\/tr>
12<\/td>Sweden<\/td>119,094,670<\/td>%1.8<\/td><\/tr>
13<\/td>South Korea<\/td>118,420,711<\/td>%1.8<\/td><\/tr>
14<\/td>Spain<\/td>113,384,953<\/td>%1.7<\/td><\/tr>
15<\/td>Argentina<\/td>109,558,302<\/td>%1.7<\/td><\/tr>
16<\/td>Netherland<\/td>98,230,248<\/td>%1.5<\/td><\/tr>
17<\/td>Thailand<\/td>84,793,874<\/td>%1.3<\/td><\/tr>
18<\/td>Ireland<\/td>75,480,236<\/td>%1.2<\/td><\/tr>
19<\/td>Belgium<\/td>70,661,416<\/td>%1.1<\/td><\/tr>
20<\/td>Indonesia<\/td>62,555,517<\/td>%1.0<\/td><\/tr><\/tbody><\/table>
Banks requests to cover letters of credit and transfers – all sectors<\/strong>
According to the countries of origin for the goods or services<\/strong> From 1 \u2013 1 to 30\/06\/2023<\/strong><\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":1088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"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":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/1087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=1087"}],"version-history":[{"count":0,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/1087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/1088"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=1087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=1087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}