The Central Bank of Libya has announced that it has covered documentary credits and transfers for various purposes, including personal transactions, totalling 3.6 billion US dollars since 1 January up to Monday, 23 February 2026.
In a statement, the bank said it had also approved the opening of new documentary credits worth approximately 1.5 billion dollars during February alone, covering a wide range of goods and services. The move forms part of ongoing efforts to ensure the steady flow of imports and stabilise domestic markets amid continued economic pressures.
The Central Bank confirmed that its personal foreign currency allocation system remains operational. According to the statement, funds reserved through the system reached 381 million dollars as of 23 February. These amounts are scheduled to be transferred to commercial banks next week in order to cover beneficiaries’ accounts via authorised exchange companies.
Officials stressed that approvals for documentary credits and personal foreign currency requests are continuing in a routine manner, based on applications submitted by commercial banks. The bank reiterated its commitment to facilitating legitimate trade operations and meeting citizens’ personal foreign exchange needs within the framework of existing regulations.
The announcement comes as Libya faces ongoing challenges linked to exchange rate pressures and demand for hard currency. By maintaining regular approvals for letters of credit and personal allocations, the Central Bank aims to ease strain on the parallel market and support price stability.
Economic observers note that sustained foreign currency injections are crucial for financing imports of essential commodities, including food, medicine and industrial supplies. However, they also point out that careful oversight remains necessary to prevent misuse and ensure that allocations serve productive and consumer needs.
The Central Bank concluded by affirming that it will continue processing requests in line with established procedures to safeguard monetary stability and support the national economy.