The Central Bank of Libya has announced plans to inject $2.5 billion into the financial system starting April 1, 2026, to clear outstanding requests linked to letters of credit and personal foreign currency allocations.
The intervention is expected to address a backlog of pending transactions while supporting commercial banks in meeting customer demand for foreign exchange. Authorities indicated that the bank will continue processing new requests on a daily basis, aided by recent technical upgrades designed to accelerate approvals.
The Central bank also signalled plans to introduce mechanisms for the sale of US dollars in cash, with detailed guidelines to be released once the allocation for citizens is finalized.
The measure is intended to improve access to foreign currency and bring greater order to the exchange market. Officials expressed optimism that rising oil revenues—projected at around $3 billion for April—will bolster the bank’s capacity to sustain these interventions and reinforce financial stability.
The liquidity injection forms part of broader efforts by the central bank to strengthen the banking sector, enhance monetary stability, and ensure that both individuals and businesses can access essential financial services in a more efficient and predictable environment.
