The Central Bank of Libya (CBL) announced on Sunday the readiness of the forms for granting final approvals to exchange companies and offices based on its announcement issued on October 17 regarding the regulation of foreign exchange buying and selling operations by reactivating exchange companies and offices.
The CBL warned in a statement that the time period granted to fill out the forms for granting final approvals to exchange companies and offices will be from November 3 to December 31. It added that "those wishing to submit applications for final approval for exchange companies can fill out the forms available through a link dedicated to the project on the CBL's website."
On October 17, the CBL indicated that it would begin receiving applications to establish exchange companies and offices starting from November 3 until the end of December 2024 from those who had previously obtained initial approval to establish companies and offices to practice currency exchange business.
It is noteworthy that this step comes within the framework of regulating the buying and selling of foreign currency through legal and licensed offices, so that they operate under the supervision and oversight of the Central Bank of Libya, in accordance with the provisions of the law and the controls regulating their work.
