The Central Bank of Libya confirmed in a statement to our source that the volume of foreign currency sales to banks during May reached $1.4 billion in letters of credit and transfers, in addition to nearly $700 million allocated for personal purposes, including bank cards and cash sales.
This brings the total to approximately $2.1 billion, while banks continue selling cash dollars from the allocations granted to them. The Central Bank has also instructed banks to provide their cash requirements in preparation for implementing air and land transportation plans before branch reserves are depleted, ensuring the uninterrupted sale of dollars, particularly in remote areas.
The Central Bank further confirmed that it continues processing approvals for letters of credit, sales operations, and currency shipments, alongside the resumption of international transfers, amid improving oil revenues that are expected to exceed $3.3 billion during May.
