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CBL

Family dollar relief grant relaunched

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…

Outcome of emergency oil revenue meeting

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.…

Libya’s black market exchange rate reaches record numbers

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…

Budget worth 38.5 billion dinars approved for 2020 in Libya

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…

Libya’s central bank drops dollar purchase fees to 163%

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…

Libyan oil revenue drops to 11.2%, Central Bank says

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…

Libya’s Central Bank relaunches $500 family grant

The Central Bank of Libya (CBL) said in a statement on Wednesday that it is going to resume the $500 grant for every family member in the country starting from next Sunday.The CBL explained that the delay has been caused by the…