The Central Bank discusses regulating and activating the work of exchange companies.

Tripoli, December 18, 2025 (LANA) – The expanded meeting held today, Thursday, by the Governor of the Central Bank of Libya, Naji Issa, with the participation of his deputy, Marai Al-Barasi, focused on discussing mechanisms to activate the work of exchange companies and regulate their activities in accordance with applicable laws and regulations.

During the meeting, which included the participation of relevant departments within the bank, discussions were held regarding the mechanism for the operation and funding of exchange companies' accounts with foreign currency and methods of financing them, in addition to setting a date for the actual launch of the companies' operations according to the approved regulations.

The meeting also addressed the mechanism for cooperation and coordination between exchange companies and banks in opening accounts and settling transactions between them to ensure the smooth flow and integrity of financial operations.

The meeting addressed the activities and operations that exchange companies will undertake, such as cash sales, money transfers, and SWIFT (103) transfers, based on the strength of their accounts with banks, and the mechanisms for monitoring these activities to ensure compliance with approved financial and banking standards.

The mechanisms for linking exchange companies' systems with the Central Bank of Libya's system were also discussed, with the aim of monitoring the companies' operations and activities in real time, enhancing transparency and compliance, and curbing any illegal practices.

During the meeting, the Governor and his deputy emphasized the importance of expediting the completion of the technical and administrative requirements, which will contribute to regulating the exchange market and supporting financial and economic stability.

...(LANA)...