Libyan central bank calls for prompt transfer of oil revenues
Bank cites growing demand for FX, as state oil company insists transfers have been regular
The Central Bank of Libya (CBL) on January 14 called on the “relevant authorities” to make regular transfers of oil revenues so it could meet a growing demand for foreign exchange.
The bank said it had received “only $500 million” of oil revenues this year and that the demand for foreign currency had exceeded that figure.
In a statement that day, the National Oil Corporation (NOC) said that oil revenues transferred to the CBL had fallen from $22 million in 2023 to $16 million last year. It
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