The line-by-line aggregation of the Central Bank’s 1–10 July 2024 disclosure placed executed documentary credits above $309 million. A separate aggregation placed the June total above $700 million.

These were author calculations from mixed-currency transaction rows, not headline totals supplied by the Central Bank.

Twelve dollar entries for Jabal Al-Kouf — covering vehicles and spare parts — totalled $24,255,435. The bank aggregation placed Al-Nouran above $47 million, Al-Andalus above $24 million and Libyan Islamic Bank above $23 million.

$309m+

in documentary credits was executed during the first ten days of July 2024.

What the disclosure made possible

The transaction ledger allowed readers to group credits by company, bank, product and period, identifying where follow-up questions mattered most.

The bank totals were especially useful because commercial banks are the interface between applicants and the official foreign-exchange system.

Execution is not the end

A letter of credit can be executed while questions remain: did the goods arrive, did classification match the application, and was quantity consistent with value?

Answering those questions requires a shared identifier across Central Bank, commercial-bank and customs records.

Build a ledger that closes

A modern disclosure should preserve each credit from application to customs clearance, including amendments and cancellations. Monthly totals should reconcile to the broader foreign-currency statement.

A mixed-currency ledger requires one conversion rule

The $309 million and $700 million figures were retained editorial aggregations, so reproducibility depends on how euro and other currency rows were handled. Each row should retain its original currency and value, the rate date and source, the converted dollar amount and a unique transaction identifier.

The total should also distinguish amendments and repeated publication from separate credits. A transaction that appears in several updates must not be counted several times merely because the file was downloaded on different dates.

Ten days cannot describe a full market

The 1–10 July window captures execution timing, not necessarily underlying monthly demand. Large batches can cluster around correspondent-bank processing, shipment deadlines or earlier approvals. Annualising the ten-day amount would therefore create false precision.

Its value is different: a short ledger exposes how benefits were distributed at a moment in time and demonstrates what transaction-level disclosure makes possible. Longer comparisons should use consistent monthly windows.

Bank totals are a supervision signal

The reported bank shares may reflect customer base, correspondent relationships and processing capacity. They are not bank income and do not alone show risk or wrongdoing. They do identify where operational and due-diligence workloads were concentrated.

Supervision can compare each bank’s credit volume with capital, compliance staffing, rejected files, amendments, connected applicants, supplier concentration and post-execution customs matches. A high share becomes meaningful only in that context.

Preserve the ledger as open data

The Central Bank should release CSV or JSON files with stable columns, definitions and revision history alongside human-readable PDFs. Old versions should remain available so a corrected row can be traced rather than silently overwritten.

A linked customs status would close the commercial cycle; a tax and standards reconciliation could follow in aggregate. That architecture would let journalists, researchers, banks and oversight bodies reproduce the same totals instead of rebuilding fragile spreadsheets.

Historical note: The $309 million, $700 million and bank totals are dated author aggregations. The Jabal Al-Kouf total is the exact sum of twelve USD rows. None is an allegation of wrongdoing.