The Central Bank of Libya announced the resumption of operations for the personal purposes system starting next Monday, confirming that it will cover the remaining reservations for December 2025 with an amount reaching up to 600 million dollars.
The bank clarified that exchange companies will begin selling personal purposes allowances for the new year 2026 according to the specified regulations, where citizens will be able to obtain 2000 dollars in cash or via transfer, in addition to 8000 dollars allocated for treatment and study purposes.
This decision comes within the framework of the bank’s policy aimed at regulating foreign cash circulation and meeting the basic needs of citizens, which contributes to reducing pressures on the parallel market and achieving a degree of financial stability.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role during periods of conflict since 2011, with rival administrations at times claiming control over separate branches of the institution.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ruins of Leptis Magna, which testify to its significant historical legacy.
