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Libya’s Central Bank Unveils $600 Million Plan to Steady Currency
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Libya’s Central Bank Unveils $600 Million Plan to Steady Currency
The Central Bank of Libya (CBL) has announced its readiness to sell $600 million to commercial banks starting tomorrow, in a move aimed at easing pressure on the foreign exchange market and improving access to hard currency for citizens and importers. In an official statement, the bank said that the funds will be used to settle outstanding personal foreign exchange allocations and to reopen the documentary credit system for approving new import …
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