The Central Bank of Libya revealed exclusively to our source that December has recorded the highest foreign currency sales compared to all previous months. This comes as banks prepare to secure goods for Ramadan and for the first quarter of 2026, through letters of credit, transfers, and personal-use allocations.
The Bank added that around $2 billion has already been sold as of today, December 7, equivalent to 13 billion dinars in just seven days. An additional $1.5 billion has been approved and is ready for sale—equivalent to 10 billion dinars—and the Central Bank continues issuing new approvals at a rapid pace.
It further stated that the current turmoil in the currency market is the result of speculation by a small group that refuses to comply with anti–money laundering regulations and the restrictions on fake letters of credit. Their aim, the Bank says, is to drive up the exchange rate to pressure the Central Bank into lifting the strict measures that have sidelined currency speculators and corruption networks.
