Customs Dollar rate used for calculating duties on imported goods reduced from LD 4.80 to LD 2.12 per dollar

Libya’s Tripoli-based Ministry of Finance has directed a reduction in the exchange rate used to calculate import duties, from 4.80 to 2.12 Libyan dinars per dollar. The directive suspends provisions of Resolution No. 160. The lower customs valuation rate could reduce duty costs for importers, potentially easing some of the expense of bringing goods into Libya.

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