12 Hrs
Source:
عين ليبيا
Market prepares for liquidity boost to support local currency
Economic expert Nadhim Al-Tayari revealed a strategic plan by the Central Bank involving the infusion of approximately 9 billion US dollars over three months (June, July, August) in a regular and intensive manner, aiming to meet the demand for liquidity and restore balance to the local currency exchange market. The plan allocates 3 billion dollars per month, distributed among covering remittances, documentary credits, and electronic cards, with the goal of improving the local currency's exchange rate against the dollar and promoting economic stability. The outcomes of these measures are expected to become apparent during July and August, as financial authorities monitor market response to the currency inflows and work towards achieving stability.
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