The Central Bank of Libya exclusively told our source that it is closely monitoring market conditions and that there is currently a relative degree of stability. It noted that speculation in the market is being driven by rumors and expectations related to the political and financial situation, oil prices, and other factors that fall outside the Bank’s direct control.
The Central Bank added that the strength of the economy is currently linked to oil production and oil prices, which will remain key factors in assessing the value of the Libyan dinar in the future. Other important factors include controlling public spending within available resources and diversifying the economy.
The Bank further explained that the value of the Libyan dinar is not determined by the Central Bank itself. Rather, the Bank’s role is to manage and set the exchange rate at a level that reflects the strength of the economy and the resources available.
The Central Bank indicated that it is working to achieve further results aimed at strengthening the value of the Libyan dinar, stabilizing the exchange rate, addressing market distortions, introducing new financial instruments, and injecting additional foreign currency to meet growing demand.
The Bank also confirmed that, based on data for May and June 2026 alone, a total of $6 billion was injected into the market, equivalent to approximately 38 billion Libyan dinars. According to the Bank, this amount is sufficient to cover market demand and even exceed it. It added that measures will be taken to combat speculation in cooperation with all relevant parties.
