Outward remittances are a banking service whereby payments are made by the request of a branch customer for the following purposes:
– Hospital expenses abroad
– Study expenses abroad
According to the conditions of the Central Bank of Libya, the limit of these transfers is set at $7,500 per year.
The incoming remittance is a banking service that enables the customer to receive remittances on his current account in foreign currency at (ATIB), where the customer receiving remittances from foreign currency is allowed to resend it without a limit and within the amount of incoming transfers. This service provides speed and safety in transactions.