Our responsible source at the Central Bank of Libya confirmed exclusively that the barter system has been completely phased out as of this May. Following a series of meetings involving key parties — the Central Bank of Libya, the National Oil Corporation (NOC), the Ministry of Finance, the Audit Bureau, and the Attorney General — and after extensive efforts, the necessary funds have been allocated to the NOC to settle its outstanding dues.
The source also confirmed the resumption of fuel imports through the previous mechanism via the NOC’s account at the Central Bank of Libya.
