Exclusive – Central Bank Begins Granting $400 Million in Letters of Credit, Prepares to Settle $1.5 Billion in Early November, and Allocates $400 Million for Personal Purposes and Merchant Cards

The Central Bank of Libya exclusively revealed to Sada Economic newspaper that it began this week granting approvals worth $400 million for letters of credit.

The bank confirmed that starting next Sunday, at the beginning of November, it will settle and grant approvals worth $1.5 billion for letters of credit, sell $1.6 billion to banks, and allocate $400 million for personal purposes and merchant cards.Share this news