VOL. XL

No. 11

17-March-1997

LIBYA

Libya Earns $9.6Bn Foreign Exchange In 1996

The Governor of the Central Bank of Libya, Mr. Tahir Jahim, saidlast week that Libya's foreign exchange revenues totaled $9.573bn in 1996. The balance ofpayments had a surplus of $680mn and Libya managed to put aside $1bn in "specialsavings." The Governor was addressing the General People's Congress, Libya'sequivalent of parliament.