The Central Bank of Libya (CBL) announced that the American financial institution Numisma Bank is preparing to deliver additional quantities of US dollar cash to Libya as part of the second phase of an agreement aimed at improving liquidity and stabilizing the local currency market.
According to a statement issued by the Central Bank, the upcoming shipments are intended to meet growing market demand and eliminate shortages in foreign currency availability across the country. Officials said the agreement reflects continuing efforts to strengthen confidence in Libya’s banking system and improve access to hard currency for citizens and businesses.
The announcement followed a meeting between Central Bank Governor Naji Issa and Numisma Bank Chairman Vivek Tyagi, during which both sides confirmed readiness to begin the second phase of deliveries according to quantities determined by the Central Bank.
The bank described the initiative as a significant step toward resolving Libya’s long-standing cash dollar shortage. Officials stated that the first phase of distribution had already been completed through commercial bank branches across eastern, western, southern, and northern Libya.
The Central Bank also linked the process to a series of broader financial reforms, including upgrades to compliance systems in line with international banking standards and the introduction of Libya’s first regulatory framework for currency exchange activities.
According to the statement, both parties expressed confidence in the ability of Libya’s banking sector, commercial banks, and exchange companies to distribute US dollars to the public in a smooth and transparent manner.
Representatives from Numisma Bank reportedly praised the reforms implemented by the Central Bank and expressed readiness to continue supporting Libya through additional large-scale dollar shipments and technical assistance for banking institutions.
The move comes as Libyan authorities intensify efforts to stabilize financial markets, improve liquidity conditions, and restore public trust in the banking sector following years of economic instability and foreign currency shortages.
