Libya pilots FX platform as currency crisis continues
Foreign currency in short supply and counterfeit notes still in abundance
The Central Bank of Libya (CBL) has enacted a series of measures aimed at addressing foreign exchange shortages.
On August 2, the CBL reported the results of a pilot programme whereby firms seeking foreign currency would be required to register on an official reservation platform operated by the central bank. It said more than 1,600 companies had registered and that a system allowing them to request letters of credit, which could be used for international trade, was now “fully operational”.
The
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Book notes: King dollar, by Paul Blustein
A well-researched overview of the position of the US currency, providing an optimistic view on its future