The Central Bank of Libya confirmed in an exclusive statement to our source that the delay in settling the value of personal items is due to review and coverage verification processes. The full settlement, amounting to approximately $380 million, will be completed, along with the sale of $1.5 billion for letters of credit, which have already been reconciled and reviewed.
Additionally, new approvals have been granted to banks for letters of credit totaling $1.5 billion, listed on the reservation platform. The bank emphasizes that these operations have been conducted without affecting the value of reserves and within the available resources, as the bank’s foreign assets approach $100 billion.
