| News
Exclusive: Central Bank of Libya Governor to Mohamed Al‑Huwaij: Allocation of Letters of Credit Was Sector-Based Amid the Absence of a Guiding Budget to Regulate the Market
Our source obtained a correspondence from the Governor of the Central Bank of Libya addressed to the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, in which he confirmed that letters of credit were allocated to importing companies for various goods and purposes based on sectoral distribution.
This followed the Central Bank’s verification that the required official documentation had been provided, in light of the absence of a guiding budget from the Ministry of Economy to regulate quantities of goods in line with market needs.