The Central Bank of Libya (CBL) announced that oil revenues transferred to the bank from the beginning of January through January 8, 2026, amounted to approximately $155 million, while total foreign currency sales during the same period exceeded $1 billion. The figures point to a growing gap between state income and hard-currency outflows at the start of the year.
In a statement, the Central Bank said it continues to supply foreign currency to the local market as part of its national responsibilities, to support financial stability and ensure the availability of essential goods.
The bank emphasized that maintaining a steady flow of foreign exchange is particularly important as the holy month of Ramadan approaches, when consumer demand typically rises.
The Central Bank explained that providing foreign currency helps prevent shortages, limit price volatility, and ensure the uninterrupted import of food, medicine, and other basic commodities.
Officials said that these measures are intended to protect citizens’ purchasing power and sustain economic activity across the country.
However, the sharp disparity between oil revenues and foreign currency sales highlights mounting pressure on Libya’s monetary policy. With oil income remaining relatively modest in early January, the Central Bank has continued to inject large volumes of foreign currency into the market to meet demand, raising concerns about the sustainability of such levels if revenue inflows do not increase.
Economists note that the imbalance reflects deeper structural challenges in Libya’s economy, including heavy dependence on oil revenues, limited diversification of income sources, and high demand for foreign currency to finance imports. These pressures often intensify during periods of increased consumption, placing additional strain on foreign reserves.
The data has renewed debate over the need for closer coordination between fiscal and monetary authorities, as well as stronger controls on public spending and imports.
Analysts warn that prolonged gaps between inflows and outflows could place pressure on exchange rates and financial reserves if not addressed through higher revenues or tighter financial management.
