CBL

During his meeting with Jan Kubis, the head of the United Nations Support Mission in Libya, Prime Minister Abdul Hamid Debaiba received the UN-conducted independent audit report of both branches of the Central Bank of Libya.The report,…

Due to a lack of sufficient funds, the Sirte Oil Company (SOC) declared that it would be unable to continue producing oil, resulting in a 72-hour production halt. This was revealed in a letter from the company's Chairman of the Board of…

The UN Support Mission in Libya is concerned about the recent shutdown of oil production at Al-Hariga oil port, as well as signs that further shutdowns could be on the way.In a press released, UNSMIL stressed that the uninterrupted…

Libya's National Oil Corporation (NOC) declared a state of force majeure as of April 19 on Al-Hariga oil port and ceased all production and export of crude oil shipments through the port.According to a statement issued by the NOC, the…

The governor of the Central Bank of Libya (CBL), Sadiq Al- Kabir, stated that whoever makes the first move in Libya is the winner in terms of working in the oil-rich country, calling for foreign companies to pack their bags and come to…

The National Commission for Human Rights in Libya has boldly condemned the continued delays in the release of salaries to public sector employees and placed the blame solely on the actions carried out by the Central Bank of Libya (CBL), and…

Head of Libya's Parallel Central Bank in Benghazi Ali Al-Hibri requested his retirement from the speaker of the house of representatives Aguila Saleh after an attempted attack on the bank and continued precarious working conditions.In a…

The spokesperson for the head of the presidential council of the Government of National Accord Ghaleb Alzgalay has denied any rumours that head of the presidential council Fayez al-Serraj challenged the decision of the Central Bank to unify…

The head of the family dollar grant in the central bank of Libya Salem al-Siwi announced in a televised statement this Wednesday that the grant will be opened this coming Sunday to complete 2019 allocations.The family dollar grant is a…

In a press release, the Presidential Council of the Government of National Accord (GNA) said that the meeting addressed the consequences of freezing the oil revenues and that the best interest of the Libyan people was put above all else.…

Foreign currency exchange rates in the Libyan black market have reached record numbers for the first time in years.The dollar on Monday night spiked to 7.03 LYD, a 4.56% increase, which is a number it hasn't risen to since 2017.The…

In an official letter directed towards the country's top financial and economic officials, the prime minister of the Government of National Accord (GNA)  Fayez al-Sarraj has called for an emergency meeting to address the frozen oil revenues…

The halt of Libya’s oil production and exportation amid the civil war could cause the country’s economic collapse, the governor of the Tripoli-based Central Bank of Libya warned on Tuesday. Al-Saddiq al-Kabir told Tripoli’s parliament…

The Libyan Government of National Accord (GNA) approved Tuesday the 2020 budget and financial arrangements as worth 38.5 billion dinars. The passing of the budget came right after a meeting at the headquarters of the Central Bank of…

The Governor of Libya’s Central Bank Al-Sadiq Al-Kabir called on the international community to help end a weeklong shutdown of oil ports by Khalifa Haftar, likening the closures to a “bullet in the head.”In an interview with US-based…

Libya's oil revenues reached 22.7 billion Libyan dinars ($16.09 billion) in the first nine months of the year, the Central Bank of Libya said on Wednesday.The Tripoli-based CBL listed total government spending for the same period at…

Libya earned 20.2 billion Libyan dinars in oil revenues in the first eight months of the year, the Central Bank of Libya (CBL) said in a statement on Monday.The Tripoli-based central bank listed total government spending for the same…

The Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and other foreign currencies to 163% from August 04.The GNA, together  with the…

Libya's Ministry of Finance held a seminar on Libyan economic policies and future in Tripoli on Saturday in the presence of the Ministry of Economy and Central Bank of Libya officials.The seminar showcased the current policies in…

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the Libyan central bank said on Monday.The bank said in a statemen that oil represented…