As part of the Central Bank of Libya’s ongoing efforts to monitor monetary and financial developments and advance measures aimed at reinforcing monetary stability and improving the efficiency of banking services, the Governor of the Central Bank of Libya, H.E. Naji Issa, chaired a high-level meeting at the Bank’s headquarters on Sunday, 26 July 2026, attended by a number of senior department directors.

The meeting reviewed recent developments in the exchange rate of the Libyan dinar in the parallel market and endorsed a package of measures aimed at containing the growing demand for foreign exchange, with the objective of supporting exchange rate stability.

Discussions also focused on the availability of foreign exchange and the processing of letters of credit, with emphasis placed on accelerating procedures to ensure the timely execution of import financing requests and the uninterrupted provision of foreign currency to meet market needs.

Following these developments, it was decided to allocate USD 1 billion during the coming week to finance letters of credit. In addition, USD 1 billion will be earmarked for personal foreign exchange transactions and reservations through the Bank’s electronic platform, while commercial banks will extend their operating hours for over-the-counter U.S. dollar sales.

The meeting further reviewed the domestic cash liquidity position and approved the launch of the first phase of the August Cash Liquidity Plan, under which 5 billion LYD will be injected into commercial banks to meet citizens’ demand for cash.

The participants also reviewed progress on electronic payment systems and emphasized the need to address any operational challenges facing payment service providers and commercial banks, while ensuring the continuity, reliability, and efficiency of payment infrastructure in support of the broader expansion of digital payment services across Libya.