The Central Bank of Libya announced the official launch of the personal purposes system, confirming that the first day saw notable success in the implementation mechanism and cooperation with exchange companies.
The bank clarified that reservation operations have effectively begun, with over 14 million dollars reserved, while exchange companies offered competitive rates not exceeding 7.5 dinars per dollar, providing customers with instant shipping service.
The Central Bank indicated that in the coming days it will work to clarify the coordination mechanism between exchange companies and commercial banks, ensuring direct card shipping and facilitating procedures for citizens. It confirmed that the initial trial proved the readiness of licensed companies and their effective launch in providing the service.
The bank noted that the current phase may require a short period to adapt to the new system, but it is expected to directly contribute to boosting foreign currency sales and reducing the size of the parallel market.
