The Central Bank of Libya and the Government of National Unity’s economy minister discussed preparing an import budget to meet domestic needs while rationalizing foreign currency use. They agreed to exchange economic data and statistics to improve information accuracy and support decisions.
Policy & regulationCooperationData managementCurrency and cash management
Central Bank of Libya Governor Fauzi Abokhzam met with Government of National Unity Economy Minister Suhail Boushiha on Nov. 10, 2026, to discuss preparing an import budget that meets domestic needs while rationalizing foreign currency use. They agreed to exchange relevant economic data and statistics to improve information accuracy and support decision-making as part of closer coordination between their institutions.
The discussions concern import planning, following earlier interventions to address immediate supply shortages. In February 2026, the central bank coordinated emergency cooking oil imports and reported USD 100 million in letters of credit for additional supplies ahead of Ramadan.
The Central Bank of Libya agreed emergency steps with industry representatives and suppliers to address shortages of essential food commodities ahead of Ramadan. The package includes imports of 2.5 million boxes of cooking oil over this week and next, plus USD 100 million in letters of credit for a further 6 million boxes. Periodic meetings will…