CBL publishes its report of Commercial Banks’ Uses of Foreign Exchange From 1/1 – to 30/06/2023
The Central Bank of Libya publishes its report of Commercial Banks’ Uses of Foreign Exchange From 1/1 – to 30/06/2023.
It reveals the Foreign Exchange Expenditures’ Movement Analysis from the mentioned period, where the total uses of foreign exchange by banks from 1/1 – to 30/06/2023 amounted to about $10,546,710,539 compared to $8,568,417,426 during the same months of 2022, with an increase of about $1,978,293,113, and a growth rate of 23.1%.
The letters of credit accounted for 56.1% of total bank uses of foreign exchange, personal purposes accounted for 42.2% of total bank uses of foreign exchange, while transfers accounted for only 1.6% of total uses.
Expense
From 1/1 to 30/06 of 2022
From 1/1 to 30/06 of 2023
Change in value
Percentage change
Letters of Credit
4,988,087,743
5,921,426,616
933,338,873
18.7
Transfers
58,404,543
173,999,458
115,594,915
197.9
Personal uses
3,521,925,140
4,451,284,465
929,359,325
26.4
Total
8,568,417,426
10,546,710,539
1,978,293,113
23.1
The actual banks’ uses of foreign exchange for all purposes
