The Central Bank of Libya revealed exclusively to our source a notable improvement in oil revenues, disclosing that they reached $1.1 billion as of March 15, compared to $900 million for the entire month of February, with these revenues calculated against February sales.
The Central Bank confirmed that oil revenues are expected to reach $2 billion by the end of March including royalties, and $2.7 billion by the end of April. This, it stated, will strengthen the balance of payments position and the Central Bank’s capacity to inject more dollars into the market, contributing to a decline in the exchange rate on the parallel market.
