Libya launches $1bn cash sale to citizens
Central bank attempts to reduce demand for US currency in parallel economy and stabilise dinar
The Central Bank of Libya (CBL) has announced the sale of $1 billion cash to citizens to help stabilise the country’s currency, the dinar.
The CBL set out a timeline for the sale following a meeting on 26 April between governor Naji Issa, other central bank officials and the general managers of commercial lenders. The CBL said the meeting had been convened as part of efforts by the governor “to address all obstacles facing citizens in accessing foreign currency in cash with ease and efficiency”
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