The rate of ‘‘customs dollar’’ to be used for calculating customs duties set at LD 2.12 per dollar – applies as of tomorrow

By Sami Zaptia.

London, 13 March 2021:

The Libyan Government has set the exchange rate of the U.S. dollar for purposes of calculating the customs tariff on imports at LD 2.12 per dollar, the Customs Authority confirmed today.

The Authority also announced that this will go into operation as of tomorrow, Sunday 14 March.

The new mechanism is being introduced to offset the inflationary effect of the new exchange rate and dinar devaluation.

Controversial ECTN to continue operating: Customs Authority | (libyaherald.com)

Tripoli Chamber rejects Finance Minister’s defence of ECTN system | (libyaherald.com)

Audit Bureau to review Libya’s ECTN contract with Turkey’s SCK – committee formed to make proposals | (libyaherald.com)

Demonstration in front of Tripoli port against ECTN – demonstrators give government a week to meet their 5 demands or they will go on strike | (libyaherald.com)

Call by Chambers of Commerce and Shipping to postpone or cancel use of ECTN | (libyaherald.com)

Electronic Cargo Tracking (ECTN) of shipments to be activated in Libya | (libyaherald.com)

Electronic Tracking system for imported goods goes into operation | (libyaherald.com)

Audit Bureau refers those behind 40 empty container hard currency fraud case | (libyaherald.com)

40 containers in US$ 8 million LC fraud discovered at Benghazi port | (libyaherald.com)

More Khoms Port containers seized in LC financial corruption | (libyaherald.com)