CBL reports strong foreign currency platform performance

The Central Bank of Libya (CBL) has announced that its foreign currency booking platform for individuals is operating at full efficiency, with total reservations reaching $36 million (£28.5 million) over Sunday and Monday.

The bank’s media office clarified that the platform’s booking hours are from 09:00 to 15:30, providing individuals with sufficient time to complete their currency reservations.

The CBL confirmed that the documentary credits system is functioning effectively, noting that sales to commercial banks over the past two days amounted to $169.3 million.

The bank indicated that these efforts are part of its framework to meet both individual and commercial bank foreign currency requirements, whilst ensuring monetary market stability in the country.