The Central Bank of Libya revealed exclusively to our source that the Accounts Department has begun executing and selling USD 1.7 billion to banks to cover letters of credit, in addition to granting new approvals worth USD 2 billion.
It confirmed that bank clients will receive an SMS notification once their letter of credit is approved — a step that facilitates suppliers in obtaining information and communicating with their banks. The results of today’s operations (Wednesday) will be announced by the end of the working day.
