The Central Bank of Libya exclusively confirmed to our source that speculation on the US dollar will not endure. It stated that the exchange companies’ system is operating very well and that communication is ongoing with banks and companies to clarify certain procedures. A large proportion of bank customers have received the notification for the disbursement of USD 2,000.
It added that the Central Bank is covering the amounts reserved through the system. As for letters of credit, banks began today uploading new credits to the Central Bank’s credit system, with approximately USD 700 million approved, which will be referred to banks to request final coverage.
