The Central Bank of Libya confirmed to our source that the country’s foreign-currency reserves are in a comfortable position and cover the money supply of the Libyan dinar, known as the money supply, which stands at LYD 210 billion. Meanwhile, liquid and readily convertible foreign reserves exceed LYD 400 billion, indicating that monetary balance is in place.
The Central Bank can also achieve stability if public spending is controlled, deficit financing is avoided, and a rapid economic reform program is put in place.
