Economic expert Ali Al-Sharif said that some bottlenecks may occur during the first two days due to delayed supply for logistical and security reasons, in addition to the absence of cash US dollars from the Libyan market for more than 12 years.
However, these bottlenecks are expected to be temporary and to quickly disappear, giving way to a state of full procedural smoothness and liquidity availability, including cash dollar liquidity.
This improvement will directly reflect on the parallel market exchange rate, gradually pushing it downward toward the levels targeted by the Central Bank, supported by its strong financial position and clear commitment to achieving exchange rate stability.
This is expected to lead to broader monetary stability and a noticeable improvement in citizens’ living standards.
It is worth noting that the Central Bank has given exchange rate stability initiatives high priority within a package of current reforms aimed at strengthening institutional performance and developing its tools to support overall economic stability.
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