BSP facility lets OFWs repatriated from Libya exchange dinars

Overseas Filipino workers repatriated from Libya can avail of a facility from the Bangko Sentral ng Pilipinas to exchange their dinars for pesos.
 
Department of Labor and Employment Secretary Rosalinda Baldoz said the OFWs can avail of the reopened Libyan Dinar Currency Exchange Facility until July 29.
 
"We are very conscious about the hurried manner by which our OFWs have left Libya. They might have forgotten to exchange their Libyan money for acceptable currency, such as US dollars. Thus, we made this representation with the BSP to revive its special foreign exchange facility for the conversion of Libyan dinars into pesos as this will certainly help our OFW repatriates,” Baldoz said on the DOLE website.
 
Under the arrangement, OFWs repatriated from Libya can exchange their dinars to pesos to up to an equivalent of P20,000.
 
A similar arrangement went into effect from Aug. 7 to Dec. 9 last year and in 2011.

The DOLE said OFWs who want to avail of the exchange facility need:
 
- original passport or original travel document issued by the Philippine Embassy in Tripoli
- exit stamp by Libyan authorities and/or authorities from other countries that served as exit points for repatriation
- certified true copy of such travel document if the original copy is required to be surrendered to another Philippine government agency. The certified true copy must be signed by an authorized official of the government agency concerned.
 
"Exchange may also be done by the OFW’s legal spouse, child, parent, brother/sister, or any authorized representative in case of physical incapacity due to illness, or disability, or death, of the eligible OFW," the DOLE said.
 
The conversion facility may be availed of at BSP headquarters in Manila and regional branches in La Union, Cebu, and Davao; and smaller branches in San Fernando, Pampanga; Batac, Ilocos Norte; Tuguegarao, Cagayan; Dagupan, Pangasinan; Cabanatuan, Nueva Ecija; Lucena City, Quezon; Naga, Camarines Sur; and Legaspi, Albay. — Joel Locsin/JDS, GMA News

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