Posts Tagged ‘CBL’

Libya Central Bank blames Audit Bureau for rocketing of foods prices in Ramadan

  • 17 May 2018 - 17:45
Libya Central Bank blames Audit Bureau for rocketing of foods prices in Ramadan

The Central Bank of Libya (CBL) issued a statement blaming the Audit Bureau for the current high prices of foods and goods in the markets during Ramadan. CBL said it had informed the related authorities of a looming economic crisis and foods shortages as well as rocketing prices in Libya, but...

Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  • 11 March 2018 - 15:30
Libyan Foreign Bank is gambling with Libyans’ money, CBL says

  The Central Bank of Libya (CBL) has accused the Libyan Foreign Bank (LFB) of gambling with Libyans’ money, a letter issued by the CBL and obtained by Libyan Express shows.   The CBL said the LFB is investing abroad with bonds that are not legal and have weak...

Libyan Tripoli-based CBL says Libya is witnessing thorough economic reform

  • 5 February 2018 - 20:31
Libyan Tripoli-based CBL says Libya is witnessing thorough economic reform

The Tripoli-based Central Bank of Libya (CBL) has issued a statement detailing the results of the latest efforts it had done to regain the value of Libyan dinar and to boost the country's economy.   The CBL assured all Libyans that prices of goods and foods are on the...

Tripoli CBL governor challenges Parliament appointment, says will remain in post

  • 31 January 2018 - 15:44
Tripoli CBL governor challenges Parliament appointment, says will remain in post

  The Governor of the Tripoli-based Central Bank of Libya, Al-Siddiq Al-Kabir said he will remain in office and continue doing economic reforms in the country.   Sl-Kabir, in a meeting in Morocco's Marrakesh city in a conference for the International Monetary Fund, added that...

Libya CBL Governor took oath of office before Tobruk’s parliament

  • 29 January 2018 - 17:55
Libya CBL Governor took oath of office before Tobruk’s parliament

The newly-elected governor of Libya's Central Bank Mohamed Al-Shoukri took the oath of office on Monday before the Libyan Tobruk-based House of Representatives (HoR). "The new governor of the Central Bank Mohammed Al-Shoukri was sworn in before the Parliament. Thus, he has full legal powers to...

Dollar sharply drops in Libya black market

  • 16 January 2018 - 14:53
Dollar sharply drops in Libya black market

The Libyan Dinar has gained the most value in the last five months on Tuesday as the black market started offering selling $1 for LYD7.80. The Libyan dinar has been for the last three months at least steadily valueless at 9.80 and 9.50 dinars per one dollar in the black market, leaving the...

Libyan Audit Bureau slams CBL as careless towards economic reform

  • 11 January 2018 - 10:41
Libyan Audit Bureau slams CBL as careless towards economic reform

The Libyan Audit Bureau has criticized in a Wednesday statement the Central Bank of Libya (CBL), the Ministry of Finance and the Presidential Council over their “not serious” tackling of the country’s economic situation. The Audit Bureau said it had sent more than one letter to the...

Libya Central Bank: Oil revenue in 2017 hit $14 billion, state expenditure $15 billion

  • 4 January 2018 - 21:50
Libya Central Bank: Oil revenue in 2017 hit $14 billion, state expenditure $15 billion

The Central Bank of Libya (CBL) has issued a statement on Thursday detailing the revenue and income of the country during 2017. The CBL explained that the total of the Libyan state's revenue from oil was 14 billion dollars, compared to 4.8 billion dollars in 2016. "That is why all Libyans...

Central Bank of Libya denies favoritism claims

  • 3 January 2018 - 06:26
Central Bank of Libya denies favoritism claims

The Central Bank of Libya (CBL) denied in a statement Tuesday any favoritism or nepotism in the granting of Letters of Credit to the businessmen in Libya. The CBL explained that the businessmen who attended the meeting with the Presidential Council for the approval of the imports budget of 2018...

HoR-appointed CBL governor sold gold bars during 2011 revolution, leaks show

  • 27 December 2017 - 14:42
HoR-appointed CBL governor sold gold bars during 2011 revolution, leaks show

The newly appointed governor of the Central Bank of Libya (CBL) by the House of Representatives (HoR) in Tobruk, Mohammed Al-Shukri, has sold gold bars from the CBL during the February revolution in 2011, a leaked document circulated on social media and media outlets in Libya has shown. The...