The Bank of Libya is the central bank of Libya, responsible for managing the country's monetary policy and financial system. Established in 1955, it plays a crucial role in issuing the national currency, the Libyan dinar, and regulating the banking sector to ensure economic stability. In addition to overseeing monetary policy, the Bank of Libya manages foreign exchange reserves and acts as a banker for the government. It also supervises commercial banks and financial institutions, aiming to promote a stable and efficient financial environment in the country.