The Central Bank of Libya confirmed exclusively to our source that the total foreign currency injected by the end of this week for the month of May reached $3 billion, equivalent to 19 billion Libyan dinars. This amount is distributed between $1 billion for personal use, cards, and cash withdrawals, and $2 billion for letters of credit and transfers.
The Central Bank added that after the Eid holiday, the total volume of foreign currency injection and sales to commercial banks during June will reach $3.5 billion, equivalent to 23 billion dinars. Of this amount, $1 billion will be allocated to direct transfers for small traders and others, $1 billion for personal purposes, and $1.5 billion for letters of credit for all types of goods.
The Central Bank stated that these measures aim to absorb accumulated demand and achieve market stability, both in terms of exchange rates and goods prices.
