The Central Bank of Libya and the Ministry of Economy and Trade agreed on procedures to regulate and facilitate letters of credit for essential imports. The measures are intended to maintain the flow of basic commodities, support price stability and balance supply in the local market. Governor Naji Issa and Economy and Trade Minister Suhail Abu Shiha discussed prioritizing commodity needs and improving the processing of letters of credit allocated to essential goods and supplies. The agreement continues the central bank’s broader work to strengthen controls around documentary credit applications while coordinating with relevant entities to avoid disruption to imports.
2026-09-06Central Bank of Libya
Central Bank of Libya agrees measures to facilitate letters of credit for essential imports
The Central Bank of Libya and the Ministry of Economy and Trade agreed measures to regulate and facilitate letters of credit for essential imports. The measures are intended to maintain commodity supplies, support price stability and balance the local market.