The Central Bank of Libya said a high-level meeting chaired by Governor Naji Issa approved a package of measures to contain rising demand for foreign exchange and support exchange rate stability. The measures include allocating USD 1 billion in the coming week to finance letters of credit, setting aside another USD 1 billion for personal foreign exchange transactions and reservations through the bank’s electronic platform, and extending commercial banks’ operating hours for over-the-counter U.S. dollar sales. The meeting reviewed pressure on the Libyan dinar in the parallel market, foreign exchange availability and the processing of letters of credit. The package places emphasis on speeding up import financing procedures and maintaining uninterrupted foreign currency supply to meet market needs. It also approved the first phase of the August Cash Liquidity Plan, under which LYD 5 billion will be injected into commercial banks to meet demand for cash. Separately, participants reviewed electronic payment systems and called for operational issues affecting payment service providers and commercial banks to be addressed to maintain continuity and reliability as digital payments expand.
Central Bank of Libya2026-07-26
Central Bank of Libya allocates USD 2 billion for foreign exchange access and injects LYD 5 billion under cash liquidity plan
The Central Bank of Libya approved measures to ease foreign exchange pressures, including USD 1 billion for letters of credit and USD 1 billion for personal foreign exchange transactions through its electronic platform. It also approved a LYD 5 billion injection into commercial banks under the first phase of its August Cash Liquidity Plan and asked banks to extend hours for over-the-counter U.S. dollar sales.