Ministry of Economy issues dos & don’ts list for letters of credit seekers
The Ministry of Economy in the National Salvation Government has issued a list of the allowed and banned materials and objects that the persons seeking to obtain a bank letter of credit must adhere to.
The list allows the businessmen to import all basic objects and materials such as foods and medicines in addition to other important stuff that people need on daily basis.
However, the list banned the traders from importing accessories of mobiles, cars and other things, and also frozen foods, cars, and other unnecessary things.
Lately, Libya has got into a very sever cash crisis that put the Libyan citizens into great distress as they became unable to provide for themselves and their families, which pushed the Central Bank of Libya to open letters of credit to people attempting to alleviate the crisis.