The Central Bank of Libya announced, on Tuesday, that the total deficit in the first eight months of this year amounted to 2.837 billion dinars in total revenues.

The bank said, in a statement, that the value of the deficit in foreign exchange revenues of $ 6.3 billion was covered from the central reserves, while the total foreign exchange revenues amounted to $ 3.7 billion, of which $ 2.051 billion came from 2019 exports, indicating that the deficit in oil and sovereign revenues reached 2.837 billion Dinar.

The Central Bank of Libya announced, on August 11, that the deficit in oil revenues from the beginning of this year 2020 to the end of last July amounted to 1.282 billion dinars, and oil and sovereign revenues 2.307 billion dinars.

Before the closure of oil facilities, the total sovereign and oil revenues last year reached 30.622 billion dinars, with a financial surplus of 2.205 billion dinars, without a deficit.

While the Central Bank of Libya recorded total revenues in 2018 of 35.9 billion dinars, foreign exchange sales for all purposes achieved $ 19.1 billion, that is a surplus of $ 5.4 billion.