The Central Bank of Libya (CBL) disclosed in the economic bulletin for the first quarter of this year that the headline rate of inflation until February last, stood at -1.6%, with a decline of 0.4% compared to last year, 1.2%.
The bulletin showed that the cash on hand outside the formal banking sector was up to 35.244 billion dinars during the first quarter of this year, an increase of more than 500 million dinars, compared to last year 34,732 billion dinars.
The demand deposits held at call with banks went down to 72.292 billion dinars from 74.179 billion dinars in the fourth quarter of last year, with a decline of more than 1.8 billion dinars.
