On Monday, the Central Bank of Libya (CBL) injected 60 million Libyan dinars into the eastern region, aiming to alleviate liquidity shortages and improve customer banking services.
The cash delivery, sent to branches of the National Commercial Bank, is part of a comprehensive plan to ensure cash availability across Libya.
The first shipment of cash under this plan was transported by air on Monday morning, departing from Mitiga International Airport in Tripoli and arriving at Benina International Airport in Benghazi. The bank has committed to continuing air and ground deliveries throughout eastern and southern regions, with western Libya receiving cash via ground routes.
The CBL emphasized that cash will be made available through bank branches and ATMs starting next Sunday to ensure citizens can easily access funds. This distribution program will be maintained over the coming months with accelerated delivery schedules to meet customer needs and normalize cash flow nationwide.
This initiative reflects the bank’s commitment to restoring confidence in the financial sector and addressing the long-standing liquidity crisis that has caused significant disruptions in recent years.
For years, Libya’s banking system has faced severe regional disparities in cash availability, particularly in the eastern region. These challenges have been worsened by political instability and disruptions in supply chains, limiting the Central Bank’s ability to distribute cash consistently. Citizens in many areas have struggled with long queues at banks and ATMs, as well as limited access to their funds.
The current air and ground distribution strategy aims to close these gaps and ensure timely delivery of cash to all regions, regardless of distance from Tripoli. The Central Bank’s goal is to streamline operations, allowing branches to better meet customer demand and improve day-to-day banking services.
