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Is it permissible to open a letter of credit within the state in which they operate ? If yes? How and what the name of this dependence if not? Why?

Financial Accounting
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Question added by Deleted user
Date Posted: 2014/09/26
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Deleted user
by Deleted user

no

because the letter credit is " the Purchasingof indirect order "

and it must be open between two (  companies ) not in same country

ghasan katreeb
by ghasan katreeb , محاسب , ادارة الموارد الساحلية

Agreed with colleagues answers

Mohamed Ezat Mahmoud Mady
by Mohamed Ezat Mahmoud Mady , Accounting and Financial Manager , Trustmed

Agree whith your answer hany

Anayatullah Tahir
by Anayatullah Tahir , Accounting Consultant , Various

We cannot open within a same country, because this is an arrangement only when a company is not sure of the receipt from another country.

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