The Research and Statistics Department of the Central Bank of Libya published the data of the Quarterly Economic Statement for the fourth quarter of 2022, as it witnessed an increase in the money supply to record about 110.3 billion dinars, compared to 105.7 billion at the end of the previous quarter. This increase is due to the increase in demand deposits from 70.2 billion dinars at the end of the third quarter to 75.9 billion dinars at the end of the fourth quarter 2022.
The Research Department stated that the currency circulating outside the banking sector decreased by one billion dinars, from 32.4 billion dinars at the end of the third quarter to 31.4 billion dinars at the end of the fourth quarter 2022.
The data of the bulletin indicated that the money supply witnessed a significant decrease in the year 2021, by about 25.0 billion dinars, compared to the year 2020.
The monetary survey showed an increase in net foreign assets by 13.0 billion dinars, or the equivalent of about 2.6 billion US dollars, to record net foreign assets about 387.7 billion dinars at the end of the fourth quarter of 2022, compared to 374.7 billion dinars in the previous quarter.
As the total assets of the Central Bank increased at the end of the fourth quarter by 11.6 billion dinars compared to what it was in the previous quarter, to record the assets of the Central Bank about 527 billion dinars.
The Research Department added that the total currency issuance record at the end of the fourth quarter amounted to 33.4 billion dinars, of which 2 billion dinars were in bank coffers and about 31.4 billion dinars circulated outside the banking sector, meaning that it is with the public.