The Central Bank of Libya told our source exclusively that it has agreed on a mechanism to inject $1 billion for letters of credit and personal use, and to settle all pending requests in the system, with work accelerating starting tomorrow, Tuesday.
The Central Bank will continue monitoring all foreign currency requests from traders, including small-scale traders, in order to maintain the exchange rate at an acceptable level and eliminate speculative trading—aiming to curb rising prices and their impact on citizens’ living conditions and the overall cost of goods.
