The Central Bank of Libya is the primary financial institution responsible for managing the country's monetary policy and currency issuance. Established in 1956, it plays a crucial role in regulating the banking sector and ensuring financial stability in Libya. The bank also oversees foreign exchange reserves and implements policies to control inflation. In addition to its monetary functions, the Central Bank of Libya supervises commercial banks and financial institutions within the country. It aims to promote economic growth and development by facilitating a stable financial environment. The bank's decisions significantly impact the overall economy and the daily lives of Libyan citizens.