The Central Bank of Libya told our source that it has officially begun implementing its foreign currency sales program for commercial banks, covering letters of credit, international transfers, and personal foreign exchange allocations.
According to the Central Bank, a minor technical issue temporarily affected access for some users of the platform. The issue was resolved in less than thirty minutes, and the system subsequently returned to normal operation.
The Bank stated that citizens are currently able to reserve foreign currency smoothly through the platform by selecting exchange companies, service centers, and participating banks, while commercial banks continue to process foreign currency sales.
As previously announced, the Central Bank has allocated:
- $1.5 billion for letters of credit (LCs).
- $1 billion for various foreign transfer purposes.
- Additional allocations for personal foreign currency purchases through cash withdrawals and bank cards.
According to figures provided by the Central Bank:
- More than 32,000 citizens have selected exchange companies and bank branches to receive foreign currency in cash, representing a total value exceeding $64 million.
- More than 43,000 citizens have applied for foreign currency allocations through bank cards, with a total value exceeding $85 million.
The Central Bank added that bank branches continue to operate until 7:00 p.m., in accordance with instructions issued by the Governor of the Central Bank, in order to facilitate the distribution of foreign currency and accommodate demand.
