The Central Bank of Libya (CBL) has announced that the foreign currency reservation system for individuals will be suspended until the end of March 2024.
On its Facebook account, the CBL explained that the allocated quota for all commercial banks has been reserved.
The foreign currency reservation platform for individuals was launched on February 2nd, 2024, by the CBL. However, on February 1st, the Bank published new terms and conditions for purchasing foreign currency for personal purposes and opening documentary credits.
The new guidelines set the maximum amount for sale to an individual from all commercial banks at 4,000 USD.
Economy