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Exclusive: Central Bank Begins Processing Delayed Dollar Requests, Launches Cash Sales to Support Exchange Rate Stability

The Central Bank of Libya confirmed to our source that it has begun implementing delayed personal-purpose reservations for some banks dating back to March 9, while continuing to inject dollars to help narrow the gap between the official and parallel exchange rates and achieve economic stability.

In addition, it has started selling cash dollars from personal-purpose allocations, with plans to raise the ceiling later, as well as selling allocations designated for education and medical purposes.

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