The Central Bank of Libya confirmed to our source that all systems are operating normally, and connectivity with exchange companies remains uninterrupted. Foreign currency sale auctions are also continuing as usual.
The Central Bank added that the dollar reservation system and bank branch selection service will reopen this afternoon. Foreign currency sales procedures through the selected branches will begin and continue until late in the evening, throughout the week.
The Bank also noted that the letters of credit system is functioning, and commercial banks have started accepting approvals for coverage requests related to letters of credit and money transfers. They have also resumed the sale of foreign currency for approved letters of credit with processed documentation, as well as operations through the SWIFT system, instant settlement system, and accounting settlement system.
