CBL reveals improvements in Libya’s 2017 finances: deficit down by 48...
The Tripoli-based Central Bank of Libya (CBL) has released the latest figures for the Libyan economy covering the period 01/01/17 to 31/12/17.
The figures continue...
Libya’s oil revenues surge as output recovers
Oil facilities in northern Libya were set ablaze in 2016. Libya's oil revenues have tripled despite political instability. (Credit: AFP)
Libya's oil revenues have more...
Germany continues to lead foreign financial support for Libya
Most Libyans are completely unaware that Germany is the largest foreign aid donor to the country: some €233 million was given by Berlin over...
Libyan Dinar continues to Fall
A recent report has found that, since November, the Libyan dinar has lost 9.1 percent against the US dollar on the ‘parallel’ market, having...
Libya Central Bank: Oil revenue in 2017 hit $14 billion, state...
The Central Bank of Libya (CBL) has issued a statement on Thursday detailing the revenue and income of the country during 2017.
The CBL explained...
Libya’s Central Bank denies favoring some businesspersons for letters of credit
The Central Bank of Libya (CBL) denied in a statement Tuesday giving letters of credit to selected businesspersons, describing the social media rumors as...
Central Bank of Libya denies favoritism claims
The Central Bank of Libya (CBL) denied in a statement Tuesday any favoritism or nepotism in the granting of Letters of Credit to the businessmen in...
Floating Libyan dinar not on the table amid current political division,...
The floating of the Libyan national currency – dinar – is not going to be possible without uniting the Libyan banking institution, a high-ranking...
Gunmen close Bank of Commerce and Development in Tripoli
Gunmen from Bab Tajoura Brigade in Tripoli stormed Saturday the Bank of Commerce and Development and arrested the director and two other officials.
The gunmen...
Egypt repays $250 million of $2-billion loan
The Central Bank of Egypt (CBE) says that it repaid $250 million of the controversial five-year $2-billion interest-free loan given by Libya to Egypt in March...
