The Central Bank of Libya exclusively told our source that the foreign currency system will be ready to operate starting Monday, and the readiness of the exchange companies system has been completed. The operational procedures will be communicated to all companies today, along with the mechanism for purchasing currency from the central bank.
It added that procedures for supplying cash in US dollars and euros for sale to exchange companies and personal use have also been completed, with large amounts expected to arrive in the first week of February. The bank is also aiming to support the value of the Libyan dinar through decisions that regulate trade policy, protect the rights of small traders, and facilitate access to the Chinese market via Libyan banks.
