A statement from the Central Bank of Libya revealed the total uses and obligations of foreign currency, which amounted to $23.193 billion.
The statement outlined various uses, including salaries for Libyan workers abroad, which totaled $270 million, and medical treatment abroad at $99 million. The National Oil Corporation received $1.623 billion, while scholarships for students studying abroad amounted to $207 million. The Medical Supply Agency and the National Center for Disease Control were allocated $272 million, and remittances for other entities reached $539 million.
Additionally, the public electricity sector used $850 million, and higher education and scientific research were allocated $33 million. Credits for other entities reached $203 million.
According to the statement, commercial banks used $11.110 billion in documentary credits, $306 million in remittances, $7.562 billion for personal purposes, and $119 million for traders’ cards. Thus, the total foreign currency usage exceeded $23 billion.
