The Central Bank of Libya announced the details of the applications for opening documentary credits that were implemented during the period of January 16, 2022, until January 19.
This is based on the circular of the Banking and Monetary Control Department of the Central Bank of Libya No. 9 of 2020 dated December 31, 2020 regarding the regulations governing the procedures for opening documentary credits, and in reference to paragraph No. 5 of the general controls in the aforementioned circular, which requires the approval of the requesting parties to open the credits on the fact that the Central Bank of Libya publishes the details of those credits.
Adapted from Sada Website