The Central Bank of Libya said it has completed the first phase of distributing US dollar cash to commercial bank branches across the country and is ready to begin a second phase with additional supply tranches. The update came after a meeting between Governor Naji Mohammed Issa and senior officials from Nomisma, the bank contracted to supply US dollar cash to Libya, and was presented as part of the central bank’s effort to resolve the cash US dollar liquidity shortage. The central bank linked the rollout to broader structural changes, highlighting upgraded compliance systems aligned with international standards and the creation of Libya’s first regulatory framework for foreign exchange activity. Nomisma indicated it was prepared to supply additional large volumes of US dollar cash and provide technical support to the Central Bank of Libya and commercial banks. Both sides also said they were ready to launch the second phase, with volumes to be set by the central bank based on local market needs.
Central Bank of Libya2026-05-17
Central Bank of Libya confirms second phase of US dollar cash distribution after completing nationwide first phase
The Central Bank of Libya said it has completed the first nationwide phase of US dollar cash distribution to commercial bank branches and is preparing a second phase. Nomisma, the contracted supplier, said it is ready to provide additional large tranches of USD cash and technical support. The central bank linked the rollout to upgraded compliance systems and a new foreign exchange regulatory framework.