$82 Billion in Foreign Exchange Reserves in Libya

  • Tripoli, State of Libya
  • 19 June 2023
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Libya's foreign exchange reserves jumped to $82.2 billion during the first five months of this year, a growth rate of 3.9 percent compared to last year. According to data from the Central Bank of Libya, foreign assets are distributed among foreign currencies, international contributions, other assets, and the investment portfolio and total currency export assets.

The reserves cover Libya's imports for 28 months, whereas Libya covered twice that period before 2013, equivalent to 56 months. Here is the reason for not reviewing the exchange rate of the Libyan dinar in light of the improvement in foreign exchange indices.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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