CBL says cash will be available in banks in the coming days

banking - January 11, 2021

A member of the Central Bank of Libya’s Exchange Rate Adjustment Committee, Misbah Al-Akkari, said that the central bank has distributed a circular amending the exchange rate of the dinar to all banks and financial institutions, operating throughout the country, advising them to begin applying and providing services to all citizens.

Al-Akkari stressed that the liquidity of cash flow is expected to be available in the upcoming days and that the withdrawal limits will be raised in all banks and institutions.

He also added that the Central Bank of Libya (CBL) will continue providing dollars at the raised price in the event of continued production and export of oil, particularly in light of the present high global prices.

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