The Central Bank of Libya announced in an exclusive statement to our source that the foreign currency reservation platform would reopen for new applications starting at noon today.
The Bank stated that it has begun accepting new reservation requests from individuals through the system.
It also confirmed that sales of U.S. dollars for personal purposes—both in cash and through bank cards—will commence next Sunday.
The announcement comes as part of the Bank’s efforts to resume and facilitate access to foreign currency services for individuals following the recent technical disruptions.
Helmi Al-Gmati, Head of the Economics Department at the University of Benghazi, told our source exclusively that the Central Bank of Libya is not merely a banking institution but one of the most important pillars of the country’s economic security, given its role in managing monetary policy, foreign reserves, payment systems, and sensitive financial data.
Al-Gmati explained that the official information released so far indicates that a cyber incident targeted certain technical systems at the Bank. Immediate measures were taken to contain the incident and isolate the affected systems. He stressed that core operations have continued uninterrupted and that there is currently no evidence of any direct impact on customers’ accounts or balances, while technical investigations remain ongoing to determine the exact scope and causes of the incident.
He added that the issue extends beyond the technical dimension, particularly as cyberattacks against financial institutions are increasing worldwide. He noted that the financial sector has become one of the most frequently targeted sectors due to the expansion of digital transformation and electronic services.
Al-Gmati called for transparency and the disclosure of investigation results once they are finalized. He also urged a comprehensive review of the digital infrastructure, the strengthening of cybersecurity systems, the enhancement of emergency response plans, and greater investment in specialized national talent.
He emphasized that digital sovereignty has become an integral part of national sovereignty and that the security of financial institutions is no longer measured solely by the size of reserves or the strength of monetary policies, but also by their ability to protect data and systems from growing cyber threats.
According to Al-Gmati, the positive aspect of the incident is that it serves as a wake-up call, encouraging the development of a more efficient and resilient cybersecurity framework that can help safeguard financial stability and strengthen public confidence in the banking sector.
The Central Bank of Libya confirmed exclusively to our source that all technical and technological support work for the foreign currency reservation system has been completed.
The Bank stated that, starting tomorrow, the platform for reserving documentary credits and uploading documents for new reservations will resume operations.
It added that new reservations for personal foreign currency purposes, both in cash and through bank cards, will also resume. The Bank further confirmed that the sale of U.S. dollars will continue through all designated bank branches at a faster pace.
The Central Bank of Libya denied the authenticity of a circulating report concerning the recent system outage incident and affirmed the success of its recovery plan.
The Bank stated that the circulated document is completely unfounded and constitutes a fabricated report intended to undermine and confuse the recovery efforts launched by the institution. According to the Bank, the recovery plan has already achieved positive results and demonstrated tangible success within a short period.
The Central Bank further stated that it is handling the incident with the utmost responsibility and transparency. It noted that it had previously published the official details related to the incident and will disclose the findings of the investigation to the public as soon as the final technical report is issued by the international specialized company contracted to conduct the assessment and technical investigation.
The Bank also reassured citizens that all systems and services have returned to normal operation, thanks to the efforts of the technical and engineering teams and under the direct and continuous supervision of the Governor of the Central Bank.
Finally, the Central Bank called on media organizations and social media users to verify information carefully and rely on official sources. It urged the public to avoid spreading rumors or sharing unverified information that could mislead public opinion.
The Central Bank of Libya exclusively revealed to our source that its target for today is to sell more than $100 million in cash U.S. dollars, based on individuals’ reservations through the system.
The Bank added that commercial bank branches will continue delivering cash dollars to customers until 7:00 p.m. daily.
According to the Central Bank, measures will also be taken to compensate for the days during which operations were suspended, enabling banks to achieve the monthly target of $800 million in cash dollar sales.
The Central Bank of Libya exclusively confirmed to our source that the personal purposes system has been launched, allowing customers to select bank branches. Bank branches have also begun receiving individual reservations and have started selling U.S. dollars in cash.
The Bank noted that the personal purposes allowance will be increased to $4,000 in the coming period through an official circular. It also announced the resumption of cash dollar sales for medical treatment and educational purposes, with the appropriate limits to be determined.
The Central Bank further stated that foreign currency reserves are available and that it has the capacity to supply up to $2 billion in cash within a single week.
The Central Bank of Libya confirmed to our source that all systems are operating normally, and connectivity with exchange companies remains uninterrupted. Foreign currency sale auctions are also continuing as usual.
The Central Bank added that the dollar reservation system and bank branch selection service will reopen this afternoon. Foreign currency sales procedures through the selected branches will begin and continue until late in the evening, throughout the week.
The Bank also noted that the letters of credit system is functioning, and commercial banks have started accepting approvals for coverage requests related to letters of credit and money transfers. They have also resumed the sale of foreign currency for approved letters of credit with processed documentation, as well as operations through the SWIFT system, instant settlement system, and accounting settlement system.
The Central Bank of Libya confirmed exclusively to our source that its technical team is working on restoring all banking systems, and that the personal foreign currency booking system will resume operations this evening.
According to the Central Bank, work is underway to resume foreign currency sales through bank branches starting next Sunday. The technical team continues to address all technical aspects of the bank’s systems in a professional and technical manner, in accordance with the normal technical timeline.
The Central Bank of Libya stated exclusively to our source:
“We have been working since day one under almost oppressive conditions, and we have managed to continue despite all difficulties, including conspiracies and obstacles.”
The Central Bank also noted that it is currently facing cyber, security, media, and other types of attacks due to its commitment to the comprehensive reform process. It added that this is clear evidence that the bank’s policies and reform measures are on a steady path toward eliminating financial, administrative, and institutional corruption.
Our exclusive sources revealed that the systems of the Central Bank of Libya have, over the past period, been subjected to repeated attempts of cyber intrusion, confirming that the bank’s systems and platforms remain secure and have not been affected by these attempts, following technical measures that included the complete isolation of systems and strengthening of cybersecurity measures.
The sources explained that these developments come amid increasing pressure and threats from several local parties targeting the bank’s leadership, along with fears of a possible repetition of the scenario of storming the bank that occurred in previous periods.
The sources added that the arrest of a number of department directors at the bank, and the exceptional circumstances that accompanied this, pushed the bank’s management to take a series of precautionary measures aimed at ensuring the safety of work processes and maintaining the continuity of services provided to citizens and the banking sector.
The sources confirmed that the bank continues to monitor technical and security conditions on an ongoing basis, while working to protect digital infrastructure and enhance system readiness to face any potential targeting attempts.
Our sources revealed exclusively that the systems of the Central Bank of Libya have been subjected to repeated cyber intrusion attempts. However, the bank’s systems and platforms remain secure, as they have been fully isolated and separated to protect critical operations.
According to the sources, these incidents are occurring amid significant pressure and threats from various local actors targeting the bank’s leadership. Concerns have also been raised about the possibility of attempts to storm the institution, similar to incidents that occurred in previous years, during which several department directors were detained.
The sources added that these circumstances have prompted the bank to implement precautionary measures aimed at ensuring the safety of its operations and maintaining the continuity of its services.
The Central Bank of Libya told our source that it has begun today the implementation of a comprehensive update of all electronic systems and a technical audit of all main and subsidiary systems, following the incident that caused an unexpected interruption of electronic services.
The bank explained that these measures are being taken to prevent similar incidents from recurring in the future, noting that the update and maintenance process will require a temporary suspension of certain services until the technical work is completed.
Our source has categorically denied rumors circulating online that falsely claimed the outlet had reported the death of former Seddiq Al-Kabeer.
According to Sada, the reports being attributed to the publication are entirely false.
The outlet stated that Al-Kabeer personally contacted Sada Economic News and confirmed that he is in good health, dismissing the rumors regarding his alleged death.
Sada also emphasized that its current and official Facebook page is its only authorized social media presence and the sole approved source for publishing its news and content.
The publication urged followers not to rely on fake pages or unverified information and to verify news through its official channels before sharing or believing such reports.
Our source obtained a copy of a circular issued by the Central Bank of Libya to commercial banks instructing them to extend working hours until 7:00 p.m., starting Wednesday and continuing until Thursday corresponding to 11-06-2026.
This extension is aimed at facilitating the distribution of cash US dollars to citizens.
The Central Bank also stated that all foreign currency systems for all purposes, including letters of credit, will remain open tomorrow.
It further emphasized the necessity for banks to inform their customers through all available social media channels regarding service availability and working hours.
The move comes as part of ongoing efforts to manage foreign currency demand and ensure wider access to cash dollar allocations through the banking system.
