Posts Tagged ‘CBL’

Libya’s PM asks UN to from commission to monitor central bank transactions, governor welcomes

  • 10 July 2018 - 23:57
Libya’s PM asks UN to from commission to monitor central bank transactions, governor welcomes

The Head of the Presidential Council Fayez Al-Sirraj has asked in a letter to the international community for forming a commission to be tasked with monitoring and going though every transaction made by the Central Bank of Libya (CBL) in Tripoli and the parallel institution in...

Governor of parallel Libya central bank opposed to economic reforms

  • 10 June 2018 - 15:57
Governor of parallel Libya central bank opposed to economic reforms

The former governor of the parallel Central Bank of Libya in al-Bayda, eastern Libya, Ali Al-Hibri, said the economic reforms announced by the CBL governor in Tripoli Al-Siddiq Al-Kabeer and the Presidential Council in Tunisia are "harmful" and could lead to the collapse of the Libyan...

Central Bank of Libya imposes fees on selling foreign currency

  • 10 June 2018 - 00:38
Central Bank of Libya imposes fees on selling foreign currency

The Central Bank of Libya (CBL) agreed in a meeting Saturday to charge fees on foreign currency transactions in the country in an attempt to narrow the gap between the official rates of foreign currency and those on black market.  The step was announced by the CBL Governor Al-Sediq Al-Kabir...

Key economic reforms announced by Libya’s central bank and Presidential Council

  • 6 June 2018 - 00:29
Key economic reforms announced by Libya’s central bank and Presidential Council

The Governor of the Central Bank of Libya (CB) in Tripoli Al-Sidiq Al-Kabir said that officials in the Government of National Accord's Presidential Council had reached agreement on enacting key economic reforms, including to fuel subsidies and the exchange rates, by the end of July 2018. This...

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...