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🛒 تسوق الآنCentral Bank of Libya Releases Tutorial Video for Foreign Currency Booking Platform
Central Bank of Libya Releases Tutorial Video for Foreign Currency Booking Platform
The Central Bank of Libya (CBL) has published an explanatory video demonstrating how individuals can use the official foreign currency reservation platform, marking a significant step in the bank's efforts to improve transparency and accessibility in Libya's foreign exchange system. The video walks citizens through the entire booking process, from registration to confirmation.
What Is the Foreign Currency Booking Platform?
The electronic reservation platform, first launched in January 2024, is an online system managed directly by the Central Bank of Libya. It allows Libyan individuals to formally request and reserve foreign currency — primarily US dollars — for legitimate personal purposes. The platform was designed to bring order to a foreign exchange market that has long been plagued by shortages, a thriving black market, and wide gaps between the official and parallel exchange rates.
Since its pilot phase, the system has registered over 1,600 companies for trade-related foreign currency needs, and the CBL has since expanded access to individual citizens. The platform serves as the official channel through which Libyans can legally obtain foreign currency without resorting to unofficial dealers.
How the Platform Works
The newly released tutorial video provides a step-by-step visual guide for users navigating the platform for the first time. According to the CBL, the process involves registering on the portal with valid identification, selecting the type and amount of foreign currency needed, and submitting the request for processing. Applications are handled on a priority basis, with the Central Bank's issuance department allocating funds according to availability and demand.
The video is expected to significantly lower the barrier to entry for citizens who may not be familiar with digital government services, particularly older users and those in areas with limited internet literacy.
Billion Allocation for Cash Distribution
The tutorial video release comes alongside broader efforts to streamline foreign currency access. In late April 2026, CBL Governor Naji Issa chaired a high-level meeting with senior executives from Libya's leading commercial banks to finalize a plan for distributing US dollars in cash to citizens. The programme carries an allocation of billion, released in two phases: an initial 00 million tranche made available immediately, with additional supplies to follow based on demand recorded through the booking platform.
Cash distribution through authorized bank branches was scheduled to begin on May 3, 2026, giving commercial banks time to finalize logistical and technical arrangements. The CBL emphasized that strict security protocols would be in place for the transport and distribution of cash shipments across the country.
Impact on Libya's Exchange Rate Crisis
Libya's foreign exchange market has faced severe pressure for years. The Libyan dinar has experienced significant devaluation on the parallel market, with the gap between official and black-market rates creating economic distortions that affect everything from food prices to business operations. Counterfeit banknotes have also been reported in circulation, further undermining confidence in the system.
By providing a clear, accessible booking mechanism and committing substantial dollar liquidity, the Central Bank aims to gradually narrow the exchange rate gap, reduce reliance on the black market, and restore public confidence in formal banking channels. The simplification of platform procedures — as agreed in the April meeting — signals the CBL's recognition that usability is critical to adoption.
What Libyan Citizens Should Know
Libyans seeking foreign currency for personal use — including travel, education, medical treatment, and family support — are encouraged to register on the official platform rather than turning to unofficial exchange dealers. The CBL has reiterated its commitment to providing foreign currency for legitimate purposes in a secure and transparent manner.
The tutorial video is available on the Central Bank of Libya's official website at cbl.gov.ly. Citizens can access the video gallery section for a complete walkthrough of the registration and booking process. As Libya continues to navigate complex economic challenges, the success of this platform could serve as a model for how digital infrastructure can improve public service delivery in the country.
