OFWs from Libya Can Exchange Dinars to Pesos

MANILA, Philippines – The Bangko Sentral ng Pilipinas has reopened a currency exchange facility where overseas Filipino workers repatriated from Libya can exchange Libyan Dinars for Philippine pesos.

The Monetary Board has approved on Monday the re-opening of the Libyan Dinar Currency Exchange Facility.

Under the facility, OFWs and their family members from Libya will be allowed to exchange their Libyan Dinar holdings up to a maximum amount equivalent to not more than P20,000 per eligible person.

OFWs and their family members should bring documentary proof of their travel from Libya, such as a passport or original/ certified true copy of the travel document issued by the Philippine embassy in Tripoli with an exit stamp by Libyan authorities or authorities from other countries that served as exit points for repatriation.

The exchange may be done through the BSP head office, regional offices and branches, as well as authorized agent banks.

The facility was initially available from August 11 to December 9, 2014. It will be available for another six months from the effectivity date of the circular.

(Source: ABS-CBNnews.com)

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