Our source from the Central Bank of Libya revealed the ongoing implementation of regulations for selling foreign currency for study and medical purposes. This aligns with the previous circulars “No. 6/2021” and “No. 17/2023,” allowing every Libyan citizen aged 18 and above to conduct a transfer of up to $15,000 for educational purposes and $20,000 for medical purposes.
The source further mentioned that the Central Bank has issued instructions for the operational banks in Libya to process requests submitted by industrial companies in the country for the supply of spare parts, up to 4% of the value of documentary credits.