The Central Bank of Libya revealed in a statement today, Tuesday, that the total uses of foreign exchange during this year until the end of October amounted to 30.6 billion dollars. The total foreign exchange revenues supplied to the Central Bank of Libya during the same period did not exceed 19.7 billion dinars. This represents a deficit that reached 10 billion and 900 million dollars.
The Central Bank explained in its statement that during the year 2023, it fed commercial bank accounts with an amount exceeding 17.5 billion dollars. This includes an amount of 10 billion and 159 million dollars for credits, an amount of 7 billion and 68 million dollars for personal purposes, and an amount of 282 million dollars in transfers. The largest value in the use of foreign exchange, according to the statement, was placed under the heading “obligations to public authorities” with a value amounting to 8 billion and 446 million dollars, without clarifying the nature of these obligations and their disbursement.