The Central Bank of Libya exclusively told our source that it has begun settling letters of credit and personal purposes, selling currency to banks, and granting new approvals as announced in the past period.
The Central Bank had previously informed our source about the Board of Directors’ decision to inject more than $2 billion to cover existing letters of credit and banks’ personal purposes, starting next Monday, the beginning of December.
This is to complete settlements before the end of the year and to provide goods for the first quarter of the next year before the arrival of Ramadan.
