The Central Bank of Libya (CBL) has announced that the foreign currency reservation system for individuals will be suspended until next January, as part of a usual annual procedure for closing its annual accounts.
The CBL revealed the implementation of most of the requests to purchase foreign exchange received during the period from December 1 until December 18.
The value exceeded $3.5 billion, including about $1.7 billion in documentary credits, about $1.7 billion for personal items, and about $100 million in bank transfers, according to CBL Facebook page.
The Bank confirmed that the US Federal Reserve Bank request does not have a significant impact on foreign exchange sales operations.
Economy
