The Central Bank of Libya (CBL) announced a series of new measures aimed at strengthening the banking sector, following a comprehensive meeting of its Risk and Investment Committee today, Tuesday, chaired by Governor Naji Issa.
Among these decisions is the introduction of innovative investment instruments for commercial banks, slated for launch on 12 October as part of the CBL’s strategy to diversify its revenue streams and enhance available investment mechanisms.
Separately, the committee reviewed the performance of the nation’s foreign currency reserves, with indicators showing the total reserve level reached $98.8 billion. The data particularly highlighted the significant market value of the gold reserve component, which climbed to $18.164 billion, making up 18.38% of the total. Furthermore, the committee reported that returns generated from the investment of foreign assets reached $2 billion by the end of September.
