The Central Bank of Libya said Gov. Naji Mohammed Issa chaired a meeting with department heads to advance measures affecting access to foreign currency, the treatment of taxes on certain goods and the availability of cash liquidity. The meeting reviewed correspondence from the House of Representatives on canceling a tax imposed on certain goods and directed relevant departments to accelerate the procedures and technical system changes needed to resume foreign currency sales for all purposes, at the officially approved exchange rate and within available monthly revenues. Discussions on the tax measure covered how to implement it with commercial banks and its application to goods and uses including personal needs, medical treatment and study expenses. The bank also reviewed preparations to supply foreign currency for all legitimate purposes and said work will continue to support cash circulation and a fair, stable distribution of liquidity across banks and branches in all regions of Libya.
Central Bank of Libya2026-03-15
Central Bank of Libya orders steps to resume foreign currency sales for all purposes and implement tax cancellation on certain goods
The Central Bank of Libya has begun implementing House of Representatives instructions to cancel a tax on certain goods and to resume foreign currency sales for all purposes. It is preparing the required procedures and system changes so foreign currency can be provided at the official exchange rate within monthly revenue limits, while also continuing efforts to maintain cash liquidity across Libya.