Central Bank of Libya website link to the platform for reserving foreign currency for personal purposes for individuals 2024

To access the foreign currency reservation platform, click on the following link:

Earlier, today, Thursday, the Central Bank of Libya set the value of seizing foreign currency through banks for personal purposes at an amount of (4,000) four thousand US dollars or its equivalent in other currencies.

Controls governing the purchase of foreign exchange for personal purposes:

Banks are granted the authority to decide on requests to sell foreign currency for personal purposes through the national number of every Libyan citizen aged eighteen years or older after fulfilling all the requirements stated in the platform for reserving foreign currency for personal purposes in addition to the following: –

The maximum amount sold per person through all banks operating in Libya is an amount of (4,000.00) four thousand US dollars or its equivalent in other currencies, and it may be considered changing it later, provided that he manages a bank account with the bank through which the sale is made. The account must cover the value of the currency sold at the time, and its use shall be in accordance with the following methods:
a . Issuing and shipping cards (VISA – MasterCard)

B . Opening accounts in foreign exchange for citizens to create the purchased currency, in accordance with Law No. (1) of 2005 regarding banks and its amendment, and enabling them to use it in accordance with what was mentioned above, or transfer it to another account, whether (individuals –
legal entities).

C. Individuals and legal entities are permitted to purchase foreign currency in citizens’ foreign exchange accounts allocated to them pursuant to this Circular and accumulate it without a specific ceiling within the Libyan banking sector, provided that it is used for the purposes specified in this Circular in addition to transferring it by making quick transfers in the currency if it is available in the bank (Western Union-MoneyGram). (Foreign.

2. The commission charged by the bank is limited to quick transfers in accordance with the agreement with my company (Western Union MoneyGram), and the citizen is not charged any additional expenses or commissions.