Libya’s Central Bank held an expanded meeting with licensed exchange offices and companies to regulate mechanisms for supplying foreign currency and facilitating financial transfers. Officials outlined a two-phase system covering rapid cash transfers through specialized firms and direct transfers via bank accounts using SWIFT messages. The bank said the system aims to support market needs, enhance oversight, and improve operational efficiency, with testing and activation scheduled to begin during January.
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Libya Central Bank Sets FX Supply Rules
Business
05/01/2026
Libya’s Central Bank held an expanded meeting with licensed exchange offices and companies to regulate mechanisms for supplying foreign currency and facilitating financial transfers. Officials outlined a two-phase system covering rapid cash transfers through specialized firms and direct transfers via bank accounts using SWIFT messages. The bank said the system aims to support market needs, enhance oversight, and improve operational efficiency, with testing and activation scheduled to begin during January.
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