The Central Bank of Libya announced on Tuesday, September 29, 2026, that it will open subscription for the 32nd issue of absolute speculation deposit certificates, starting from October 6, 2026. This move is in line with the procedures and controls used in previous issues, with specific maturity dates and durations. The bank's decision aims to provide investment opportunities for commercial banks in Libya.
The 32nd issue includes three categories of deposit certificates, with varying durations and values. The first category has a 91-day duration, valued at 10 million Libyan dinars, and matures on January 5, 2027. The second category has a 182-day duration, also valued at 10 million Libyan dinars, and matures on April 6, 2027. The third category has a 365-day duration, valued at 10 million Libyan dinars, and matures on October 6, 2027.
According to the Central Bank, the profit distribution ratio between the bank and the subscriber will be 99.75% for the subscribing bank and 0.25% for the Central Bank, after the final evaluation of the returns generated by these certificates. The bank also stated that the expected profit margin for the certificates ranges from 5.5 to 7.5% per annum, although this is an estimated and non-binding rate.
The Central Bank's move aims to attract investments and stimulate economic growth in Libya. The bank has been working to provide various investment opportunities and tools to help banks and financial institutions manage their liquidity and investments. The subscription for the 32nd issue of deposit certificates will be open to commercial banks in Libya, which can participate in the auction through the bank's website.
The Central Bank of Libya has been taking steps to strengthen the country's financial sector and promote economic growth. The bank has implemented various measures to improve the business environment and encourage investment in Libya. The launch of the 32nd issue of deposit certificates is part of the bank's efforts to provide innovative investment products and services to the Libyan market.
The Libyan economy has faced significant challenges in recent years, including a decline in oil production and a shortage of liquidity. The Central Bank's efforts to stimulate economic growth and provide investment opportunities are crucial to helping the country recover from these challenges. The bank's decision to launch the 32nd issue of deposit certificates is expected to have a positive impact on the Libyan economy.
The subscription for the 32nd issue of absolute speculation deposit certificates will close on a date to be announced by the Central Bank. Interested commercial banks can participate in the auction through the bank's website. The Central Bank will provide more information on the subscription process and the terms and conditions of the certificates in the coming days.
Key points
- The Central Bank of Libya launches the 32nd issue of absolute speculation deposit certificates, offering investment opportunities for commercial banks in Libya.
