The Central Bank of Libya (CBL) yesterday announced the new version of the cash currency Category 1 Dinar, coinciding with the 8th anniversary of February 17 revolution. It was during a ceremony held by the bank at its headquarters in the capital Tripoli, during which the Governor of CBL,...
The deputy head of the Presidential Council, Ahmed Meiteeg, Libya expects to end a long-running liquidity crisis by early 2019 as a foreign currency tax helps the official and black market exchange rates converge at less than 3 dinars to the dollar. Asked when the liquidity situation in the...
Libya’s government of national accord on Wednesday imposed a fee of 183 percent on foreign currency transactions, effectively devaluing the Libyan dinar to bridge the gap to the dominating black market. The move devalues the official rate of the dinar to the dollar for such deals to around...
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...
The public budget for Libya in 2018 has been set at about 42.5 billion Libyan dinars, which is worth about 31 billion dollars at the official banking rates in the country, a source at the Ministry of Finance told The New Arab news website. The source, who requested to remain unnamed, added that...
Libyan Investment Authority Chairman arrested on suspicion of corruption and embezzlement of funds
Canada to take in over 700 illegal migrants from Libya detention centers
Libya's biggest oilfield is now under control of Haftar's forces
UN mission in Libya fails to warn Haftar over his forces' violations in the south
