The Central Bank of Libya (CBL) has delivered a new cash shipment worth LYD 500 million to Benghazi as part of its ongoing strategy to strengthen liquidity across the country’s banking sector and improve access to cash for citizens.
The shipment is scheduled to be distributed among commercial bank branches in Benghazi under a pre-approved plan designed to ensure adequate cash supplies and enhance banking services. The move aims to help banks meet increasing demand for cash withdrawals while improving the efficiency of daily financial transactions.
According to the Libyan News Agency, the distribution process has been carefully organized to ensure that targeted bank branches receive sufficient liquidity based on operational needs. The initiative is expected to ease pressure on banks experiencing high demand and improve customer access to cash across the city.
The latest allocation forms part of a broader liquidity program being implemented by the Central Bank in cities across Libya. Through regular cash injections, the bank seeks to address liquidity shortages, strengthen the performance of commercial banks, and promote greater stability within the financial sector.
The Central Bank has made improving liquidity one of its key priorities in recent years, particularly during periods of increased demand for cash. Officials say the continued distribution of banknotes is intended to support normal banking operations, facilitate withdrawals, and reinforce public confidence in the country’s financial institutions.
Benghazi is among several Libyan cities that have benefited from periodic cash shipments as part of the nationwide liquidity plan.