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Exclusive: Central Bank Board Decides to Inject Over $2 Billion to Cover Letters of Credit and Personal Purposes Starting December

The Central Bank of Libya revealed exclusively to our source that the Board of Directors has decided to inject more than $2 billion to cover existing letters of credit and personal-use allocations for commercial banks starting next Monday, the beginning of December.

This measure aims to complete settlements before the end of the year and ensure the availability of goods for the first quarter of next year, ahead of the month of Ramadan.

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