Libya’s Central Bank announces $500 per family member in 2018

Libyan Central Bank (CBL) (Photo: Internet)

The Central Bank of Libya (CBL) has announced the continuation of 2017 decision to allow Libyan families to buy dollars for the official bank rates with each family member getting 500 dollars in 2018 instead of 400 that was in 2017.

The decision was issued on the CBL’s official website Thursday, saying the decision will take effect starting January 15, 2018.L’s Governor Al-Siddiq Al-Kabeer, knowing that the CBL is currently under the spotlight after the recent decision by the Tobruk parliament to appoint a new governor.

Tobruk-based House of Representatives appointed Mohammed Al-Shukri as a new CBL governor on Tuesday by 54 votes, saying he is the rightful governor of the sovereign financial institution of the oil-rich company.

However, Al-Kabeer rejected the appointment and rendered it illegal as it violates the Libyan Political Agreement Artcole 15, which says the HoR must consult the High Council of State in Tripoli in selecting the sovereign posts’ incumbents.

Meanwhile, UNSMIL, High Council of State and the former US envoy to Libya Jonathan Winer all rejected the HoR appointment of a new CBL governor and said it needs approval by the Al-Sweihli-chaired High Council of State.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to Please include ‘Op-Ed’ in the subject line.
You might also like

Submit a Correction

For: Libya’s Central Bank announces $500 per family member in 2018

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.