In a step of reflecting growing international confidence, H.E. Naji Mohammed Issa , Governor of the Central Bank of Libya, received on Tuesday , 12 May 2026, senior officials from the global “Nomisma” bank, led by Mr. Vivek Tyagi, Chairman and CEO of the bank contracted to supply US dollar cash to Libya.

During the meeting, emphasis was placed on the historic success achieved by the Central Bank of Libya in resolving the US dollar liquidity crisis in cash form. The completion of the first phase of distribution to commercial bank branches across Libya (east, west, north, and south) was reviewed, achieved successfully alongside unprecedented structural reforms, most notably the modernization of compliance systems to the latest international standards and the establishment of the first regulatory framework for foreign exchange activity in Libya’s history.

Both sides confirmed full confidence in the efficiency of the banking system, commercial banks, and exchange companies in delivering US dollar cash to citizens smoothly and transparently.

For his part, Mr. Tyagi and his team praised what they described as a “qualitative transformation” led by the Central Bank of Libya, commending its commitment to international best practices and standards. They also announced their full readiness to support this process by supplying additional large volumes of US dollar cash, alongside providing advanced technical support to the Central Bank and commercial banks.

The visiting delegation also honored the Governor by presenting a symbolic first printed US dollar note, reflecting the historical depth of the currency.

The meeting concluded with both parties confirming full readiness for the launch of the second phase, with a firm agreement to supply additional dollar tranches in volumes determined by the Central Bank of Libya, in a way that meets local market needs sustainably and eliminates any future foreign currency bottlenecks.