Libya Opens Foreign Currency Reservation Portal: Registration Process and Requirements

The Central Bank of Libya has opened a platform for citizens to reserve foreign currency, a move that has sparked significant interest among Libyans. The platform allows individuals to reserve up to $4,000 in foreign currency, subject to a set of requirements. To register, users must create an account on the Central Bank’s website, providing details such as their phone number, national ID, and passport number. They must also have a Libyan bank account and sufficient funds to cover the reservation amount. This initiative aims to manage the demand for foreign currency, a critical resource in Libya’s economy.