The Central Bank of Libya stated exclusively to our source that following the injection of $2 billion and the arrival of cash dollar shipments, there has been a significant increase in supply in the market along with a strong wave of selling—especially with the announcement of an upcoming meeting this week of the Central Bank’s Board of Directors.
The meeting is expected to discuss and approve a number of measures related to the exchange rate, support for the Libyan dinar, and the adoption of a plan to distribute and sell cash dollars regularly throughout the year.
The Central Bank added that additional measures will also be discussed to regulate liquidity management within the banking sector.
