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2026-07-09T10:22:39.000Z

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Are billions of dollars flowing into Libya indicating the end of the "parallel market" crisis?

Are billions of dollars flowing into Libya indicating the end of the "parallel market" crisis?

The Libyan foreign exchange market is experiencing significant developments with the arrival of cash dollar shipments totaling $2.4 billion at Misrata Airport over the past two weeks. It is also expected that the foreign currency supply will increase in the coming months. This raises the possibility of dollar spending rising from $800 million to $1 billion per month, amid oil revenues exceeding $3 billion monthly. Additionally, the Central Bank of Libya plans to strengthen banking cooperation with China, which could impact the black market and reduce reliance on it.

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