The Central Bank of Libya’s Banking and Monetary Supervision Department revealed its report to our source, today Wednesday, stating that 23 public sector companies had been granted approval for their requests to obtain foreign exchange to cover documentary credits and other transfers. Requests by banks to purchase foreign currency from the public sector ranked first, with the Social Solidarity Fund for Supplying Cars for People with Disabilities being the top applicant, representing 26.3% of the total requests, during the period from January 1st to February 28th, 2023.

The report also noted that Libyan mobile phone company, Libyana, ranked second in terms of the relative importance of foreign currency demands, accounting for about 25.0% of the total requests. Requests to cover the importation of production and operational supplies ranked third, at 22.5%.