Our source obtained a copy of a directive issued by the Central Bank of Libya to exchange companies, stating that starting Wednesday, 4/1, the bank will begin implementing coverage for pending personal-purpose bookings amounting to $1 billion.
The Central Bank called on all exchange companies and offices to prepare and actively participate in this process by enhancing their readiness and capacity to execute large-scale purchase operations that will help complete the required coverage.
The bank emphasized that this initiative represents an important opportunity, enabling companies and offices to benefit while contributing to market stability and meeting demand for foreign currency.
It added that all parties are encouraged to seize this opportunity and work with a spirit of cooperation and responsibility to ensure successful and timely execution.
The Central Bank concluded by confirming that the system will be fully ready and operating efficiently starting April 1, 2026, and that companies and offices will be closely monitored to identify any shortcomings in account funding or delays in executing people bookings.
