The data of the Libyan Audit Bureau showed that the total foreign assets by the end of 2021 amounted to about 78.25 billion dollars.
The Court indicated that foreign assets are distributed among $61.7 billion in foreign currencies, $7.32 billion in contributions to international institutions and other assets, and an investment portfolio of 1.713 billion foreign assets to cover the currency at $7.5 billion.
The State Audit Bureau revealed a decrease in the foreign currency balance to cover the issuance of local currency at a value of 23 billion dollars, as a result of the drop in the exchange rate in early 2021. Noting that the cover does not include the currency printed in the Central Bank of Libya in the east of the country, which offered local cash worth 13.8 billion dinars, and called for providing a cover for the currency printed in the east of the country at a value of 3 billion dollars. The Central Bank of Libya indicated that the erosion of Libya’s reserves during the period 2013 until the end of 2020, by 49.7 percent, compared to what it was in 2012. The Central Bank demanded the necessity of supporting the reserves of currencies in the short and medium term, doubling them and preventing their erosion, calling for unfreezing the assets of the sovereign fund.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
