The Central Bank of Libya issued an important announcement to those who obtained initial approval to establish companies and offices practicing exchange business.
The bank said in a statement: “The Central Bank of Libya announces to those who have previously obtained initial approval to establish companies and offices practicing money exchange business in accordance with Central Bank of Libya Board of Directors Resolution No. (27) of 2013, to fill out the forms announced on the Central Bank of Libya website after withdrawing and submitting them.” Attached are all documents related to the establishment of valid companies and exchange offices, to the Non-Banking Financial Institutions Follow-up Section of the Banking and Monetary Control Department, during the period from 11/03/2024 until the end of December 2024, in preparation for submitting them to the Board of Directors for granting final approval, and it will be considered. We will accept new applications in the future in accordance with the announced controls and procedures.”
The bank added: “This comes within the framework of the role of the Central Bank of Libya in regulating the buying and selling of foreign exchange through legal entities licensed to deal in foreign exchange, so that these entities operate under the supervision and control of the Central Bank of Libya, in accordance with the provisions of the law and the controls regulating their work, in a way that ensures the fight against… Money laundering and terrorist financing, eliminating the phenomenon of distortion in the foreign exchange market and controlling its price and stability, and based on the provisions of the Central Bank of Libya’s Board of Directors Resolution No. (16) of 2010 regarding the rules regulating money exchange businesses, and its amendments.”
Last updated: October 17, 2024 – 23:26
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