13 Hrs
Source:
عين ليبيا
Source: عين ليبيا
13 Hrsعين ليبيا
Source: عين ليبيا
13 HrsReady to play
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The article discusses Decision No. (555) of 2026, which temporarily allows imports to be financed through the parallel foreign-exchange market until 31 March 2027, excluding food products and medicines while allowing exceptions in cases of extreme necessity. The author argues that the decision creates legal uncertainty because it must be consistent with Commercial Activity Law No. (23) of 2010, which regulates imports and requires their value to be paid through approved banking channels, as well as with foreign-exchange regulations requiring a licence from the Central Bank of Libya. The decision does not, in itself, authorize dealing with unlicensed money changers. The author recommends clarifying the source of funding, the payment channel and the rules governing exceptions, and reviewing the decision or amending the legislation if necessary. The author warns that exceeding the relevant authority or violating the law could open the decision to legal challenge.
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