Tripoli: The Central Bank of Libya has announced that oil revenues deposited into the bank from January 1 to January 8, 2026, amounted to $155 million, while total foreign currency sales during the same period surpassed $1 billion.
According to Libyan News Agency, the Central Bank issued a statement on Thursday explaining its role in supplying foreign currency to meet the Libyan market's demands. This initiative aims to achieve financial stability across the country and ensure the availability of essential commodities in markets ahead of the holy month of Ramadan. The bank's efforts are directed at satisfying citizens' needs and promoting stable economic activities.
The stark contrast between oil revenues and foreign currency sales highlights the bank's commitment to maintaining economic balance and supporting the market amidst fluctuating oil income. The bank's proactive measures are seen as crucial to sustaining economic stability and supporting the needs of the Libyan population in the coming months.