Global bank Numisma, which is contracted by the Central Bank of Libya to supply US dollar cash to Libya, has expressed its readiness to deliver large additional quantities of the US currency during the second phase of shipments, following the completion of the first phase of distribution to branches of commercial banks across the country.
The announcement came during a meeting between Central Bank Governor Naji Issa and a delegation from the bank headed by Chairman and CEO Vivek Tyagi, where both sides discussed the results of the first phase and mechanisms to strengthen foreign currency supplies to the local market in the coming period.
Numisma officials confirmed the bank’s readiness to inject substantial quantities of US dollar cash, in addition to providing technical support to the Central Bank and commercial banks as part of the ongoing cooperation between the two sides regarding the supply of foreign currency to Libya.
The meeting also addressed measures taken by the Central Bank of Libya to develop compliance and banking supervision systems and regulate exchange activities, as well as evaluating the readiness of banks and exchange companies to receive and distribute the new shipments.
Both sides agreed to continue coordination on supplying additional batches of US dollar cash in line with local market needs, in a move aimed at supporting the stability of foreign currency availability and reducing bottlenecks in supply and distribution operations.
