‎The Libyan Prime Minister Abdul Hamid Dbeibah asked the newly appointed Governor of the Central Bank of Libya (CBL), Naji Issa, not to implement the decision of the House of Representatives to reduce the foreign currency exchange sales' tax to 20%, calling for its complete cancellation. Dbeibah said in a letter addressed to the CBL Governor that the recent decision of the Speaker of the House of Representatives to amend the value of the tax imposed on the official exchange rate was in violation of the provisions of the law. (27) of 2001, regarding the determination of some provisions regarding fees and service fees, specified the authority responsible for imposing fees, which is not the House of Representatives or its Speaker. On Monday, the dollar purchase system began operating again after permission was given to resume work and open it to citizens. Commercial banks announced the resumption of their reservation of allocations worth $4,000 or more for all companies and owners of commercial activities and for all imported purposes, goods and services.

Source: Libya Observer October 08, 2024 18:14 UTC