The Administrative Chambers of the Misrata and Benghazi Courts of Appeal announced the acceptance of the appeal submitted against the decision of the Speaker of the House of Representatives and Governor of the Central Bank of Libya regarding imposing a tax on foreign currency exchange transactions.
The two courts decided to accept the appeal in form, and temporarily suspended the implementation of the contested decision until further decisions.
The Administrative Chamber of the South Tripoli Court of Appeal issued the same ruling, confirming that the court’s case management would undertake its implementation.
The Speaker of the House of Representatives, Aqila Saleh, issued a decision, based on Central Bank Governor's recommendation, to impose a fee on the official exchange rate of foreign currencies of 27% for all purposes, with the possibility of reducing the price during the period of validity of the decision from the date of its issuance until the end of the current year 2024.
