CBL reveals accepted bank requests to buy foreign exchange of the private and public sectors From 1/1 – to 30/06/2023

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CBL reveals accepted bank requests to buy foreign exchange of the private and public sectors from 1/1 – to 30/06/2023.

1- Private sector:
During the period from 1/1 – to 30/06/2023, the number of private sector companies and factories were (1,435) whose requests foreign exchange to cover letter of credits and other transfers were approved. Banks’ requests to purchase foreign exchange by the private sector to import production and operation requirements ranked first among total purchase requests during the period, accounting for 15.7% of total foreign exchange purchase requests. While the requests to cover import of commodity production requirements ranked second with relative importance of 12.1%, whereas the requests to cover the accounted for miscellaneous food commodities accounted for 11.1% and the import of feed accounted for 8.4% of the total. The following table shows the purchase requests for commodities or services during the reported
period.

2- Public Sector
The number of public sector entities whose requests for foreign exchange to cover letters of credits and other transfers were approved reached 37 entitiesfrom1/1 –to 30/06/2023. Where banks’ requests to purchase foreign exchange Libyana Mobile Phone Company, ranked first from the total purchase requests during the reported period, accounting for 19.9% of the total foreign exchange purchase requests, while by Almadar Aljadeed ranked the second with relative importance of 18.4%, whereas requests from General Authority of the Social Solidarity Fund accounted for 8.4%, while the requests to cover Communications and IT Services accounted for 8.0%, and the requests to cover the import of Electronic Devices at a rate of 7.8%. The following
table shows purchase requests made by the public sector.