São Paulo – Libya’s Central Bank will transfer up to USD 2,000 to beneficiaries of assistance programs. According to the state news agency LANA, citing a source from the Monetary Authority, this decision was made possible following approval from international bodies.
The program is expected to reach up to USD 600 million per month. Transfers will be made in cash through banks, exchange houses, or currency offices.
The Central Bank has capped foreign currency purchases at USD 10,000 per year for non-personal use, applying to businesses and small shops. Such transactions are subject to the country’s regulatory rules.
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Libya: Central Bank strengthens financial system
Translated by Guilherme Miranda
PUBLICIDADE
