Former board member of the Central Bank of Libya, Mrajaa Ghaith, spoke to our source regarding the activation of exchange services. He stated that the 2013 decision approved the establishment of exchange offices under the condition that they would not obtain foreign currency from the Central Bank. “If the Central Bank currently provides foreign currency in a monopolized manner, then where will exchange offices source their currency?” he questioned.
Ghaith also raised concerns about whether the same approach will continue with the so-called personal-use cards and whether the Central Bank has the necessary capacity to monitor these offices and ensure they do not engage in money laundering or speculative trading.
