Deputy Director of the Research and Statistics Department at the Central Bank of Libya, Ali Al-Mabrouk, revealed in an audio statement to Libya Al Ahrar TV, as monitored by Sada Economic newspaper, the availability of recently discovered counterfeit currency in abundance in the markets, causing pressure and high demand for foreign currency.
Al-Mabrouk also affirmed that the Central Bank will not withdraw the 50 Dinar note. Additionally, he mentioned that the closure of oil resulted in a decline in the exchange rate of the dinar, in addition to several measures taken previously.
Al-Mabrouk also denied rumors of suspending documentary credits and emphasized the functioning of its system, indicating the number of registrants in the personal individuals system exceeded 670,000, with the number of those who completed procedures for charging personal individuals cards exceeding 100,000 citizens.
Al-Mabrouk reassured citizens by saying that the country’s financial situation is not catastrophic, but at the same time, we must be vigilant.