Libya: USD 24.5 billion currency investments in 2021

The Central Bank of Libya said on Wednesday that total foreign exchange supplies were $ 22.9 billion in 2021 and its uses were $ 24.5 billion in 2021, according to ” Reuters “.

The central bank covered the usage deficit Foreign exchange reserves amounted to $ 1.6 billion.

The bank added oil revenues amounted to 103.4 billion dinars ($ 22.52 billion) in 2021, making up 97.8% of total revenue that year.

Last month, Libya predicted that its oil production would drop by 200,000 barrels per day due to the repair of a damaged pipeline.

Libya pumped in media 1.2 million barrels a day last year. The National Oil Corporation has warned that it lacks the funds to maintain this level of production, let alone reach its goal of 2 million barrels per day within 6 years.

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