The Central Bank of Libya (CBL) has received cash shipments totaling one billion Libyan dinars at its headquarters in Tripoli, according to a banking source, in a move aimed at strengthening liquidity in the domestic market and ensuring commercial banks can meet customer demand.
The newly arrived funds were transferred from abroad and deposited into the bank’s vaults as part of ongoing efforts to address cash shortages and ease pressure on the banking system. Officials say the injection is intended to improve the flow of banknotes across branches and reduce crowding at banks caused by limited liquidity.
The development comes alongside broader monetary measures introduced by the Central Bank to stabilize the foreign exchange market and support the value of the Libyan dinar. Earlier this week, banking sources confirmed the reactivation of the personal foreign currency allocation system, with sales expected to resume shortly. The move is designed to meet growing demand for foreign currency through official channels and curb reliance on the parallel market.
According to informed sources, the Central Bank plans to inject approximately $1.6 billion to cover citizens’ personal foreign exchange requests. The strategy aims to expand the availability of foreign currency within the formal banking system and contain pressure on the exchange rate, which has faced volatility in recent weeks.
In parallel, the bank has already initiated foreign currency sales for documentary credits valued at nearly $500 million. This step is intended to support import operations and prevent shortages of essential goods and raw materials in the local market.