The Central Bank of Libya told our source exclusively that next week it will inject $2 billion to settle existing letters of credit. The week will also see an acceleration in the approval of letters of credit and the sale of foreign currency to banks in large amounts for various purposes.
The Central Bank added that the letters of credit will be processed following a thorough review conducted in coordination with the Ministry of Economy.
Meanwhile, banks will continue selling U.S. dollars in cash at all branches.
