Our source exclusively obtained a copy of the report of the Banking and Cash Control Department at the Central Bank of Libya.
The total foreign exchange expenditures for all purposes during the year 2022 amounted to about $28,532.000 million compared to $24,647.400 million in 2021, an increase of about $3,884.500 million.
Commercial banks’ uses of foreign exchange during the year 2022 accounted for 56.7% of total expenditures, recording about $16,189.700 million, compared to $18,728.700 million during the year 2021, a decrease of about $2,539.000 million.
The total amounts of foreign exchange sold to commercial banks during the year 2022, through the system for following up purchase and coverage requests, and foreign exchange sales for personal purposes at the Central Bank of Libya, amounted to about $16,189.7 million, compared to $18,728.7 million during the year 2021, a decrease of about $2,539.0 million.
It is also clear that Aman Bank was the most used bank for foreign exchange, as its percentage of total foreign exchange sales amounted to about 16.7% during the year 2022, with a value of about $2.70 billion, followed by the National Commercial Bank with about $2.03 billion, then it comes in terms of the relative importance of the following banks, in order: (Jumhouria Bank $2.02 billion, Yaqeen Bank $1.76 billion, Nuran Bank $1.29 billion, Libyan Islamic Bank $1.18 billion, UBCI $1.09 billion and Wahda Bank $1.08 billion.
