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Home Business

CBL’s latest revenues and spending data reveals a dinar surplus but a dollar deficit

bySami Zaptia
March 7, 2025
Reading Time: 2 mins read
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CBL receives results from meetings with international banks

The Central Bank of Libya (CBL) yesterday released the latest data for the country’s revenues and spending from 1 January to 28 February 2025. According to this date:

  • ‎Oil revenues from oil and gas sales and royalties were 17.7 billion dinars. These represented more than 98% of state revenues.
  • Other sovereign revenues from taxes, customs, telecommunications ‎‎and others did not exceed 325 million dinars.‎
  • Total government spending amounted to about 8.4 billion dinars.
  • This leaves a dinar surplus of about 9.6 billion dinars. ‎
  • Of the government’s total spending, 5.9 billion dinars were allocated for state-sector salaries.
  • 2.5 billion dinars were allocated for subsidies.
  • 35 million dinars for administrative expenses.‎
  • Oil revenues supplied to the CBL amounted to US$ 3.6 billion.
  • Foreign exchange expenditures amounted to US$ 6.1 billion.‎
  • A hard currency deficit of US$ 2.5 billion.
  • The total cash liquidity distributed to branches of commercial banks in all Libyan cities amounted to about 16 billion dinars.‎

Foreign Exchange uses
The CBL provided the following breakdown of the US$ 6.1 billion foreign currency allocations:

  • Documentary credits about US$ 2.4 billion.
  • Value of foreign currency sold for personal purposes amounted to more than US$ 2.9 billion.
  • US$ 161 million for transfers.
  • US$ 17 million for small merchant cards.‎

‎Uses of foreign exchange for public entities

  • US$ 70.7 million for the General Electricity Company of Libya (GECOL).
  • US$ 64 million for the Medical Supply Organisation (MSO).
  • US$ 63.5 million for the National Oil Corporation (NOC).
  • US$ 53.6 million for the Housing and Infrastructure Board (HIB).
  • US$ 46.4 million for students studying abroad.
  • US$ 38.3 million for salaries of workers abroad.
  • US$ 20.1 million for medical treatment abroad.
  • US$ 225 million in transfers and credits for other parties.‎

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