Tripoli: The Central Bank of Libya (CBL) announced the distribution of 2 billion Libyan dinars to commercial banks to ensure sufficient liquidity in bank branches and ATMs nationwide.
According to Libyan News Agency, the CBL issued a statement on Thursday outlining the distribution plan. The plan includes allocating 600 million dinars through the Issuance Department in Benghazi to meet the needs of commercial bank branches in the eastern region. The remaining 1.4 billion dinars have been distributed to bank branches across other regions of the country.
Additionally, the CBL plans to provide an extra 300 million dinars to the eastern region’s bank branches. Furthermore, 700 million dinars will be distributed to bank branches in the western and southern regions.
The CBL confirmed that these cash distributions are part of the first phase of a broader plan to maintain cash availability in commercial banks. The bank plans to continue additional cash shipments in the coming period to ensure that bank branch vaul
ts throughout Libya are adequately stocked.
In its statement, the CBL also highlighted the significance of utilizing electronic payment tools due to their efficiency, security, and speed in facilitating daily transactions.