The Central Bank of Libya exclusively confirmed to our source that the personal purposes system has been launched, allowing customers to select bank branches. Bank branches have also begun receiving individual reservations and have started selling U.S. dollars in cash.
The Bank noted that the personal purposes allowance will be increased to $4,000 in the coming period through an official circular. It also announced the resumption of cash dollar sales for medical treatment and educational purposes, with the appropriate limits to be determined.
The Central Bank further stated that foreign currency reserves are available and that it has the capacity to supply up to $2 billion in cash within a single week.
