The Central Bank of Libya revealed exclusively to our source that it has decided to inject $1.5 billion as an initial tranche for personal purposes, with the proposal also covering medical expenses. As part of efforts to increase dollar supply, it is expected that the personal allowance will be raised to $4,000, along with increased allocations for letters of credit to compensate for supply shortages and meet citizens’ needs for goods and services.
This comes after receiving actual revenues for April, which are expected to reach $3 billion. The bank also outlined a short-term action plan aimed at gradually strengthening the Libyan dinar to 6.90 LYD per USD.
