US EditionLibya places 7% ceiling on foreign exchange profits
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Libya places 7% ceiling on foreign exchange profits
Libya’s Central Bank has moved to regulate the nation’s foreign exchange market with new directives aimed at standardising profit margins for licensed currency traders. In a circular issued yesterday, the Bank’s Supervision Department instructed all authorised exchange houses that foreign currency purchased from central reserves may only be resold to citizens with a maximum 7 […] The post Libya places 7% ceiling on foreign exchange profits appea…
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