The Central Bank of Libya announced its foreign currency sales data for the period from March 1 to 17, 2025. Sales totaled $2.3 billion, compared to oil revenues of $778 million, resulting in a deficit of $1.522 billion.
The bank explained that foreign currency usage was distributed as $1.1 billion for personal purposes and $1.2 billion to cover documentary credits.
The Central Bank pointed to the challenges it faces, namely the decline in public revenues due to falling oil revenues and delayed collections, in addition to increased dual government spending, which has led to increased pressure on foreign reserves.
The Central Bank affirmed its continued commitment to taking the necessary measures to maintain the stability of the local currency and meet market needs for foreign currency, despite the current challenges.
