The Central Bank of Libya revealed in a statement today, Wednesday, that the total foreign exchange uses during the first four months of this year amounted to approximately 10.3 billion dollars, while the total foreign exchange revenues supplied to the Central Bank of Libya during the same period amounted to 11.2 billion dinars, of which 2.5 billion were from taxes of oil companies in previous years.
In its statement, the Central Bank stated that, during the first four months of this year, it fed the accounts of commercial banks with an amount of 5.9 billion dollars, including 3.5 billion dollars for credits, 2.5 billion dollars for personal purposes and 43 million dollars in study and treatment transfers on the private account, salaries of expatriates, aviation and others, in addition to outstanding commitments of $3.7 billion.
It added that the state’s total foreign exchange use during this period amounted to 668 million dollars, of which 57 million dollars were salaries of workers abroad, 32 million dollars for treatment abroad, 14 million dollars to the National Oil Corporation, 117 million dollars remittances to other parties, and 448 million dollars were payments of existing credits to public authorities, including an amount of 193 million dollars for electricity, 126 million dollars for the medical supply system and 48 million dollars for the Ministries of Education and Higher Education, in addition to 81 million dollars for other public entities.