The Central Bank of Libya confirmed exclusively to our source that commercial banks have received their full requirements of cash US dollars, with total available balances now exceeding $800 million.
The Central Bank explained that some banks experienced delays in distributing cash dollars to their branches due to logistical procedures. These delays occurred after the Eid holiday period, but once working hours were extended, the distribution process began to accelerate significantly.
According to the Bank, starting tomorrow, all bank branches across the country will be fully supplied with cash dollars and will have sufficient liquidity available for customers.
The Central Bank also stated that it is prepared to provide additional tranches of foreign currency if demand exceeds the current threshold of $800 million.
It further confirmed that foreign currency card reservations are continuing smoothly, while sales of letters of credit and foreign transfers have exceeded $1 billion over the past two days. The Bank added that approvals for new letters of credit continue at a value of around $1.5 billion.
