The Central Bank of Libya published new monetary and banking statistics that initially reveal the changes that accompanied money supply rates in Libya between 2004 and 2024.
The Central Bank stated that the money supply increased from 4 billion and 200 million dinars in 2004, while in August 2024, the money supply reached 149.5 billion dinars.
The report indicated an increase in foreign assets from approximately 3 billion dinars in 2004 to 395 billion dinars in August of this year.
Last August, the Central Bank monitored an increase in dues from the public treasury to more than 148 billion and 700 million dinars, which are higher numbers than July, which recorded 144 billion dinars.
The report confirmed that the volume of currency in circulation with the public exceeded 44 billion and 300 million dinars, higher than in July, which was around 42 billion dinars.
The Central Bank also indicated that the mandatory cash reserve for commercial banks reached 79 billion and 900 million dinars, a slight decrease from July, when it recorded 80 billion dinars.
The Central Bank concluded its report by clarifying the inflation rates, which stabilized at 2.7% on an annual basis in September, explaining that the general average stabilized at 2%.
Source: Central Bank of Libya + Libya Al-Ahrar Channel