Best answer: Can you send money to Libya from UK?

How to send money from UK to Libya at the best rate? … We currently list 1 money transfer companies able to send Libyan dinars in cash in Libya: MoneyGram is at the moment the most competitive option with 3.99 GBP for the transfer fees and a good GBP-LYD exchange rate (currently at 1 GBP = 6.0182 LYD).

How can I send money to Libya?

The overall best way to send money to Libya is through Western Union. Western Union has agents in several cities inside Libya, especially in Tripoli. With Western Union, you can get your money to Libya faster and in a safer manner than you would be able to with their competition.

Does MoneyGram work in Libya?

At this time MoneyGram does not have service in Libya. … Hello Mohammed, agents pay out in local currency: Libyan dinar (LYD).

Is it illegal to send money to another country?

Sending money abroad is not a crime, but it can become one. Criminals have used international money transfers in the past to launder their money, so law enforcement has implemented laws to prevent this from ever happening. Money laundering is a serious crime, and it carries a heavy punishment.

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How do you send money to someone who lives in another country?

What Are the Best Ways to Send Money Internationally? You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, TransferWise or Paysend.

What is Libyan currency?

Financial institutions and money transfer providers are obligated to report international transfers that exceed $10,000. You can learn more about the Bank Secrecy Act from the Office of the Comptroller of the Currency. Generally, they won’t report transactions valued below that threshold.

Can I receive money from abroad in my bank account?

You can receive money from overseas through a transfer from the sender’s bank account straight into your bank account. … Typically, these transfers are expensive because banks charge hefty exchange rate margins when transferring to different currencies, and also apply fees.

Can I send cash abroad in the post?

Can I send cash in the mail overseas? While you are legally allowed to send cash in the mail in the UK, this method is not recommended, particularly for larger sums of money. You must also consider the laws of the other country, as in certain countries such as India and Norway, it is illegal to send money in the post.

What is the cheapest way to send money internationally?

What is the cheapest way to send cash abroad? The cheapest way to send cash abroad is almost always by using a money transfer provider. Well-known and trusted money transfer providers that allow cash transfers include Xoom, WorldRemit, and Remitly (check how Remitly compares to other money transfer providers).

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