The Central Bank of Libya has recorded $371 million in oil revenues since the start of January
The Central Bank of Libya (CBL) has reported that oil revenues deposited into the bank since the beginning of January have reached $371 million, underlining the continued importance of hydrocarbons in supporting the country’s financial stability.
In a statement issued on Thursday, the CBL said it remains committed to providing foreign currency to meet the needs of the Libyan market, with a particular focus on ensuring the availability of essential goods ahead of the holy month of Ramadan. The bank noted that this approach is aimed at maintaining financial stability and supporting uninterrupted economic activity across the country.
By facilitating access to foreign currency, the CBL seeks to help importers secure basic commodities, contributing to price stability and meeting the daily needs of the population during a period of heightened demand.
Earlier this week, the central bank also disclosed that total foreign currency sales between 1 and 13 January reached approximately $1 billion, reflecting sustained intervention to support market liquidity and trade flows.
The measures form part of the CBL’s broader efforts to balance currency supply, stabilise the economy and ensure that essential goods remain available in Libyan markets during the Ramadan period and beyond.