Today, Thursday, the Banking Control Department at the Central Bank of Libya revealed a report on the total foreign exchange usages of banks during the period from 1-1-2023 to 5-31-2023, which amounted to 8 billion US dollars compared to 7 billion dollars during the same period last year, an increase estimated at about 1 billion dollars and 673 million dollars.
The Control Department stated that documentary credits accounted for 55.1% of the total uses of foreign exchange by banks, as personal purposes accounted for 43.3%, while remittances constituted only 1.6% of the total uses.
The administration added, during its report, that the total amounts sold to banks in foreign exchange since the beginning of this year through the system for following up purchase requests and coverage, and sales of foreign exchange for personal purposes in the Central Bank, amounted to about 8 billion dollars.