The Central Bank of Libya announced its intention to resume the sale of foreign currencies to commercial banks, starting on Wednesday, the first of next April.
The Bank of the Republic of Libya explained in a statement issued today, Sunday, that this decision issued by the Central Bank of Libya aims to provide the necessary coverage and sell the value of documentary credits, in addition to continuing to issue and sell new approvals.
The bank stated that this step comes within the framework of the Central Bank’s efforts to maintain monetary and financial stability in the country, and to ensure the availability of foreign exchange on a regular and sustainable basis, according to what the Libyan News Agency reported.
In a related context, Jumhouria Bank called on customers who submitted requests to reserve and purchase foreign currencies through its personal items platform to quickly fill their accounts in Libyan dinars equivalent to the value of the submitted request.
The bank warned that failure to complete the required financial coverage will lead to the automatic rejection of the request to purchase foreign currency.
