The Banking and Cash Control Department at the Central Bank of Libya revealed to our source on Saturday, that it had published the full and amended report issued on banks’ uses of foreign exchange during January of the current year 2023, in which it indicated that the UAE leads the countries benefiting from banks’ requests to cover credits and remittances, with a value that exceeded 443 million dollars, followed by Turkey with 81 million dollars, then South Korea, China, Switzerland, Tunisia and Italy.
The report issued by the Central Bank Research Department added that the total documentary credits that were implemented during the month of January only of this year amounted to 914 million dollars, equivalent to 4.4 billion dinars, while the total foreign exchange for personal purposes exceeded 593 million dollars, equivalent to 2.8 billion dinars.
The amended report of the Central Bank of Libya indicated that goods and services of Turkish origin ranked first in foreign exchange purchase requests accepted by banks during January of this year, with a value of about $218 million, followed by imports of goods or services of Egyptian origin with about $175 million, then China, South Korea, Tunisia and Russia.