New resolution issued to organize food imports through bank credits

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New resolution issued to organize food imports through bank credits

April 26, 2018 - 14:38
Written by: HousamNajjair

The Presidential Council issued a new resolution on the authorization of the supply of some commodities with a total value of 450 million US dollars on Wednesday.

The Presidential Council also withdrew their previous decision to allocate $ 1.5 billion for the import of goods, which was stopped by the Audit Bureau.

The Council stated in their resolution that they will form an executive committee to implement the provisions of this resolution and approve the requests for the supply of commodities through bank credits and then forward them to the Central Bank of Libya after the adoption of the Minister of Economy and Industry.

The resolution set conditions for the import companies wishing to obtain bank credits for including the need to import the goods by June 06 and deposit half the value of the bank credit in cash to the banks.