The Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Huwaij, addressed the Director-General of the Customs Authority on Tuesday, instructing the temporary suspension of the decision regarding the ban on import outside banking operations. This suspension will remain in effect until necessary measures are put in place in coordination with the Central Bank of Libya and relevant authorities.
Earlier this month, Al-Huwaij had issued a ban on conducting import and export activities outside approved banking operations. He emphasized the necessity for financial transfers to establish joint companies or open branches of foreign companies in Libya through banking operations.
According to the minister’s letter to the Customs Authority, the situation will revert to its previous state concerning import operations only. The work will continue temporarily according to the previously established mechanism for importing goods and commodities until necessary measures are implemented in coordination with the Central Bank of Libya and relevant authorities.
