The Governor of the Central Bank of Libya, Naji Issa, held an expanded meeting on Tuesday, attended by the Deputy Governor and a number of directors of specialized departments, to discuss the operational mechanism the Bank has begun preparing for currency exchange activities, in preparation for the launch of companies and offices that have obtained final approval.
The attendees agreed to grant final approval to the companies and offices that had previously obtained preliminary approval. The meeting also reviewed the applications submitted for preliminary approval, which exceeded 2,000 as of last August 31.
The Governor directed the relevant departments to expedite the screening of applications in accordance with the approved regulations, in preparation for granting preliminary approvals to applicants who meet the requirements.
The Bank affirmed that it will prepare a special operating system and will begin training all companies and offices on the approved mechanism for conducting currency exchange business, in line with the Central Bank’s plan, with implementation to begin as soon as possible.