A source at the Central Bank of Libya (CBL) told Libya Herald in an exclusive statement that the bank's total foreign currency sales to commercial banks as of July 21, 2026, reached approximately US$ 15.7 billion, equivalent to nearly 100 billion Libyan dinars.
The source explained that the sales were distributed as follows: approximately US$ 5 billion allocated for personal use, including foreign currency allowances and bank cards, while the value of the funds allocated for letters of credit, remittances, and small merchant cards amounted to approximately US$ 10.7 billion.
The source added that the CBL also issued approvals for letters of credit and remittance requests worth approximately $3.5 billion, the proceeds of which will be sold to commercial banks in the coming period.
This will bring the total number of received requests for letters of credit and remittances to approximately US$ 14 billion, which will cover market needs in the coming months.
The source confirmed that the CBL will continue to sell foreign currency to commercial banks for all purposes, within the framework of its policy aimed at meeting accumulated demand, ensuring the availability of goods in the local market, contributing to the stability of the exchange market and reducing pressure on currency prices.
It will be recalled that the CBL it attempting to bring the black-market foreign exchange value of the Libyan dinar to under LD per dollar. Yesterday, it was trading at around LD 8.55 per dollar.