International praise for the Central Bank's success in providing dollars

Tripoli, May 17, 2026 (LANA) – Nomisma International Bank commended the Central Bank of Libya for its successful implementation of the first phase of the cash dollar supply and distribution project, confirming its readiness to enter a second phase involving the injection of additional and record amounts of US currency to meet the needs of the local market.

This came during a meeting attended by the Governor of the Central Bank of Libya, Naji Mohammed Issa, and a delegation from the World Bank, which is contracted to supply the cash dollars, headed by Vivek Tiaggi, Chairman and CEO of the Bank. The two sides discussed the results of the first phase and the mechanisms for completing the project in the coming period.

The meeting, held last week, reviewed the successful distribution of cash dollars to branches of commercial banks in various Libyan cities, east, west, and south, coinciding with the implementation of unprecedented banking reforms. These reforms included modernizing compliance and financial control systems in accordance with modern international standards and establishing the first regulatory and supervisory framework for the activities of foreign exchange companies in Libya.

Both sides affirmed the readiness of the banking system and exchange companies to deliver cash dollars to citizens smoothly and transparently, contributing to easing pressure on the local market and eliminating bottlenecks related to accessing foreign currency.

The NOMISMA delegation commended what it described as the qualitative leap led by the Central Bank of Libya, praising its commitment to banking reforms and the application of best international practices. The delegation also announced the bank's readiness to provide advanced technical and technological support to the Central Bank and commercial banks, in addition to continuing cash dollar supplies.

During the meeting, the American delegation presented a symbolic replica of the first US dollar bill ever issued to the Governor of the Central Bank, a gesture reflecting the historical significance of the US currency and the professional relationship between the two parties.

At the conclusion of the meeting, both sides agreed to launch the second phase of the project by supplying additional dollar installments according to the needs of the Libyan market, ensuring the stability of supplies and the sustainability of foreign currency availability across all regions.

It is worth noting that Nomisma Bank is an international financial institution specializing in foreign exchange services, liquidity management, and currency supply to countries and banking institutions. It provides advanced financial and technological solutions in accordance with international standards, with a focus on supporting central banks and enhancing the efficiency of banking systems, compliance processes, and financial oversight.

...(LANA)...