The Tripoli-based Central Bank of Libya (CBL) issued a statement concerning foreign currency sales for commercial banks (in USD) for period 1/1/2020 to 30/026/2020.

In its statement, the CBL noted that foreign currency sales for commercial banks for the same period reached $3 bn.

According to the CBl, the trade finance of Gumhouria Bank reached $1 bn, while the trade finance of the Libyan Islamic Bank hit $695 million .

  As far as Nuran Bank is concerned, the CBL pointed out that its trade of finance for the first 6 months of 2020 was at $ 292 million . However, North Africa Bank registered $ 259 million as trade of finance for the same mentionned period.

The trade finance of Assaray Bank reached $230 million, while the trade of finance of the First Gulf Bank was valued at  $217 million .

According to the statement of the Central Bank of Libya, the trade of finance of the National Commercial Bank worths $141 million, while Sahara Bank have opened trade finance with a value of $102 million.

On the other hand, the mediterranean bank has implemented $98 million as trade finance, while Aman Bank’s trade finance has reached $58 million.

Yaqeen Bank has also implemented trade of finance with a value of $49 Million, and the trade of finance of the Arab Commercial bank was at $48 million.

Al-Wahda Bank implemented a trade finance with a value of $33 million, while Al-Wafa has implemented a trade finance with a value of $20 million.