Conflict hinders Libya economic reforms
The World Bank commented on Libya's desire to raise its oil production to 1.6 million barrels per day as being "over-optimistic", due that this...
Libya’s goal of increasing oil production to 1.6 million barrels per...
The World Bank said the country's ambition to raise oil production to 1.6 million barrels per day was over-optimistic, due to frequent production disruptions caused...
Libya announces launch of first Polymer Banknote
The Central Bank of Libya (CBL) has launched its 1 Dinar banknote that will be printed on De La Rue’s polymer substrate, Safeguard®. This is the first...
Head of Price Balancing Fund slams CBL on import credit issue.
The head of the Price Balancing Fund (PBF) Jamal al-Shaibani said that they were unable to supply foodstuffs for the holy month of Ramadan...
Libya’s Economic Outlook: World Bank Predicts 15% Growth.
From the World Bank Group.
At the current pace of spending in a context of conflict and insecurity, Libya will either exhaust foreign exchange reserves...
Libya issues letters of credit worth $2 billions to tackle rising...
Libya’s central bank has approved letters of credit for importers worth $2 billion, in an effort to curb “frightening” price increases, the bank said...
10.5 billion dollars; expected deficit in Libya’s 2018 budget.
The Chairman of the Financial Commission at the House of Representatives (HoR) Omar Tantoush said the commission is reviewing two budget options: the first...
Libya considering ways of recovering its outstanding loans to African states.
The Faiez Serraj-led Presidency Council’s Ministry of Finance and the Libyan Foreign Bank (LFB) discussed various ways that Libya can recover ‘‘faltering’’ loans to...
Finance Minister, LFB Director discuss regaining money loaned to African countries
The Minister of Finance of the Presidential Council's government, Osama Hamad, met Tuesday with the General Director of the Libyan Foreign Bank, Mohammed Bin...
Procedures Taken on 2018 Budget.
The representative of the Presidential Council met the Director of Treasury Department of Ministry of Finance and Director of Information and Documentation Department and...
