Exclusive: The Central Bank Sends Multiple Letters to the Government of National Unity and Security Agencies to Raise the Value of the Dinar, Reduce Prices, and Ensure Liquidity

Our sources has exclusively obtained official correspondence from the Governor of the Central Bank of Libya addressed to the Prime Minister of the Government of National Unity, the Internal Security Agency, and the Ministry of Interior. The letters call for the closure of unlicensed exchange offices that have not been granted operating permits, and include a request to Abdul Hamid Dbeibeh to instruct the Ministry of Economy to issue a decision banning import and export activities except through banking operations.

Our sources revealed that the Central Bank continues to urge all relevant parties to implement genuine economic reforms to improve the overall economic situation in a way that positively impacts citizens’ living standards. This comes through proposing a package of measures aimed at increasing the value of the Libyan dinar, ensuring the availability of cash liquidity, and reducing the general price level and the inflation rate.