The Central Bank of Libya confirmed exclusively to our source that it will continue performing its duties to maintain monetary stability and the value of the dinar, despite pressures resulting from rising public spending and declining revenues.
The bank explained that it is ready to inject approximately $1.6 billion to cover demand for foreign currency and defend the value of the dinar amid increasing demand.
It also announced the resumption of the personal purposes system, with sales set to begin next Sunday for bookings made خلال this week, which are expected to exceed $500 million.
The bank noted that it has already started selling foreign currency for letters of credit allocated for importing goods, amounting to $500 million, with the process ongoing. It also aims to sell around $600 million for letters of credit through the coming week.
The bank further stated that it has begun settling the value of letters of credit whose documents have not yet been processed and were opened during 2025, at the exchange rates approved at the time of issuance, totaling $4 billion at a rate of 6.30 dinars per dollar.
Additionally, it confirmed its readiness to provide liquidity estimated at around 5 billion dinars to cover February salaries, the wife and children allowance, as well as Eid al-Fitr requirements in the coming days.
