New CBL platform set to shake up Libya’s currency market
The Central Bank of Libya announced the launch of the company registration service as part of the pilot phase of the foreign currency reservation platform, which lasted for one week.
According to the Bank, access to the platform was granted to 2,112 money transfer agents, while 1,008 companies were officially registered. The total number of requests submitted reached 2,753, of which 1,632 were successfully matched.
The Central Bank confirmed that the platform is now fully operational and ready to process requests, in a way that ensures speed and transparency in procedures.
The Bank clarified that this step aims to improve the mechanism for accessing foreign currency, support the value of the Libyan dinar, and curb the black market, as stated in its announcement.
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