The Central Bank of Libya exclusively informed our source that, for the first time in more than 15 years, it has obtained approval from international authorities to import $600 million in cash monthly, thanks to efforts by the Governor, reflecting the international community’s confidence in the bank.
The bank also announced the imminent resumption of the personal-use dollar system, with an initial allocation of $2,000 provided directly by the Central Bank of Libya, available for cash withdrawal through banks and licensed exchange companies and offices.
The Central Bank confirmed that licensed exchange offices and companies are now technically ready to operate under the system, with the bank supplying them with cash dollars.
For those wishing to obtain foreign currency beyond personal-use, medical, or educational allocations, purchases will be allowed through licensed exchange offices with an annual limit of $8,000 to $10,000, either in cash or via card loading.
The Central Bank emphasized that all regulations governing exchange activity will be enforced according to anti-money laundering and counter-terrorism financing standards, warning that any violations could lead to strict measures, including license revocation and immediate closure, in coordination with relevant state authorities.
Finally, the bank stated that exchange companies will be granted SWIFT transfers for small traders from accounts funded with foreign currency either from the Central Bank or through currency purchases from individuals, companies, and non-residents.
