Benghazi, January 2, 2026 – The head of the Competition and Monopoly Prevention Authority described the Central Bank of Libya’s publication regarding the regulation of foreign currency buying and selling as an important step towards enhancing monetary stability, controlling the market, and limiting practices that have directly harmed the national economy.
He explained that the importance of this publication lies in regulating the mechanisms for accessing foreign currency according to clear and announced controls, which enhances the principle of social justice and ensures equal opportunities for citizens across the country without discrimination or exception.
He pointed out that unifying procedures, setting ceilings, and relying on a unified electronic platform would contribute to reducing the gap between regions, limiting monopoly and speculation, in addition to boosting confidence in financial institutions.
He confirmed that the success of this step depends on proper implementation, strict oversight, and fair application to all, stressing that any negligence in these aspects could weaken the desired positive impact of the publication.
He also highlighted the importance of media awareness for citizens, through clear campaigns that explain how to benefit from the new system and clarify rights and obligations, ensuring a correct understanding of the procedures and preventing exploitation or misinformation.
He concluded by emphasizing that professional and transparent implementation, coupled with social justice and comprehensive awareness, is capable of making this publication a real pillar for economic stability and a serious step towards restoring confidence and achieving reassurance in the Libyan monetary market.
