Central Bank of Libya brings down the ceiling sale of foreign exchange under Visa cards

Central Bank of Libya has announced in a statement issued on 18/01/2015 that based on the provisions of Law No. (1) for the year 2005 and its modification regarding expenses , and on the supervisory and regulatory role of the Central Bank of Libya under the provisions of the law, the Central Bank of Libya informs all the managers working in commercial banks, heads of interim administrative committees in Libyan banks that it has been decided to bring down the annual ceiling specified for sale of foreign exchange under prepaid Visa cards from US$ 10000 to US$ 5000 or its equivalent in foreign currencies w.e.f. Tuesday 19/01/2015.

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