The Central Bank of Libya told our source in an exclusive statement that total foreign currency sales on Sunday exceeded $350 million, as part of its ongoing efforts to meet demand for foreign exchange.
According to the bank, the sales were distributed as follows:
- $85 million in cash for personal-use allocations through bank sales centers.
- $100 million to cover individuals’ requests for bank card funding and recharging.
- More than $175 million to cover letters of credit and money transfer requests.
The Central Bank stated that it continues to process all foreign currency requests at an accelerated pace and without delays.
The bank further said that it expects the value of the Libyan dinar to strengthen against foreign currencies in market trading over the coming days, citing the continued provision of foreign exchange and efforts to satisfy demand across multiple channels.
The statement comes amid ongoing measures by the Central Bank to increase access to foreign currency for individuals, importers, and businesses through cash sales, card allocations, transfers, and letters of credit.
