The Central Bank of Libya revealed in an exclusive statement to our source that the phase of withdrawing currency denominations was exhausting for both banks and the national economy, posing major challenges.
It added: “We are now beginning new steps toward restoring stability in the market and compensating for the liquidity shortage. We will intervene to curb speculative activities in the market and take action against their sources. We also plan to inject additional billions of dollars into the market for all purposes to meet demand without affecting foreign reserves.”
The statement continued: “We are working on setting the procedures and regulations governing the operations of exchange companies and offices, ensuring the market’s supply of cash currencies. This activity will operate under the supervision of the Central Bank and relevant regulatory and security authorities.”
