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CBL reveals a foreign exchange deficit during the first half of the year 2023, which amounted to $11.2 billion

CBL reveals foreign exchange deficit

The Central Bank of Libya revealed in a statement today, Friday, that the foreign exchange deficit during the first half of the year 2023 amounted to $11.2 billion.

The total foreign exchange uses during the first half of this year amounted to 21.3 billion dollars, while the total foreign exchange revenues supplied to the Central Bank of Libya during the first half of this year did not exceed 10.1 billion dinars.

The Central Bank stated in its statement that, during the past five months, it had fed the accounts of commercial banks with an amount exceeding 10.5 billion dollars, of which the amount of 5 billion and 922 million dollars was for credits, the amount of 4 billion and 451 million dollars for personal purposes and the amount of 174 million dollars for remittances, while the largest value is from the uses of foreign exchange. According to the statement, it was placed under the item “obligations to public entities,” with a value of $10 billion and $720 million.

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