A source from the Central Bank of Libya revealed to Tabadul channel on Monday the new regulations governing foreign exchange transactions and the opening of letters of credit.

Among the regulations is the increase of the annual limit on personal use cards from $4,000 to $8,000. The maximum limit for loading industrial, service, and commercial cards for companies, small traders, and craftsmen has been set at $500,000, or its equivalent in other foreign currencies per year.