No Result
View All Result
Friday, April 3, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

GNC Finance Committee preparing to sign off on LD 1,000 grant to families

byGeorge Grant
November 29, 2012
Reading Time: 2 mins read
A A
GNC Finance Committee preparing to sign off on LD 1,000 grant to families

Dinars

By George Grant.

The payment is intended to help families cover the cost of Eid Al-Adha. (Photo: George Grant)

Tripoli, 29 November:

The GNC’s Budget, Planning and Finance Committee is preparing to activate the decision to grant every Libyan . . .[restrict]family 1,000 dinars to help cover the costs of Eid Al-Adha which started on 25 October.

Resolution 64 (2012) was passed on 18 November, although the decision to distribute the funds was announced on 10 October by GNC Spokesman Omar Hmaidan. It was said at the time that the funds would not be ready for disbursement for at least two months.

At a meeting of the Budget, Planning and Finance Committee on Wednesday, during which the legislation was reviewed, it was determined that authorisation would be granted to the Central Bank to proceed with disbursing the funds in the next two weeks. In its current form, Law 64 does not state the exact sum to be granted to Libyan families.

RELATED POSTS

Top law firm joins new British Libyan Business Association

An academy with a difference in Tripoli

The legislation marks the third time that the authorities have decided to make a payment to the population at large since last year’s revolution.

In February the NTC announced a one-off payment of LD 2,000 to every family to celebrate the first anniversary of the revolution. The payments took several months to be made owing to the lack of a functioning database, but it is hoped this latest round of payments will be processed more efficiently now that the system is up and running.

Also in February, the NTC resolved to pay every revolutionary who had fought in last year’s war, with LD 4,000 going to married fighters and LD 2,400 to unmarried ones. The scheme quickly descended into chaos with some revolutionaries not getting paid while payments were made to names who never existed in the first place.  In April, the government was forced to temporarily suspend payments in order to implement more rigorous identification criteria.

Most recently, the GNC also approved in principle plans to give every family a monthly allowance. Exact figures are not due to be discussed until January although it has been suggested that every family would receive between LD 300-500 with an additional amount of between LD 50–100 for every dependent mentioned in the Family Book. [/restrict]

Tags: Central BankfeaturedGNCLibya

Related Posts

Benghazi Chamber participates in workshop on the blue economy
Business

Benghazi Chamber of Commerce to hold conference on Libya’s economic crisis from 20 to 21 June

April 2, 2026
Burj Al-Baher project to restart implementation – LLIDF acquires InterContinental Al Ghazala Hotel project in partnership with owners
Business

Burj Al-Baher project to restart implementation – LLIDF acquires InterContinental Al Ghazala Hotel project in partnership with owners

April 2, 2026
Medsky Airways adds a second Airbus 320 to its fleet
Business

Medsky to start its Tripoli – Madrid flights on 21 April

April 1, 2026
Greek Consulate in Benghazi to start receiving Schengen visa applications on 12 February
Libya

Greek Foreign Minister George Gerapetritis reopens Greek Consulate in Benghazi

March 31, 2026
Tajoura Heart Centre signs agreement with Italian NGOs to perform 450 heart surgeries over three years
Libya

Tajoura Heart Centre signs agreement with Italian NGOs to perform 450 heart surgeries over three years

March 31, 2026
After a ten-year hiatus, Al-Khadra hospital’s Eye Clinic reopens
Libya

Al-Hadba Al-Khadra General Hospital’s local medical cadre successfully implant 9 DBS devices for severe motor disorders

March 30, 2026
Next Post

Trucks loaded with stolen oil company equipment seized: reports

Supreme Judicial Council committed to restructuring Libyan judicial system

Top Stories

  • NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

    NOC celebrates return of Schlumberger Libya’s (SLB) in-country operations as an independent operating entity (LIG) – as they were before 2011

    0 shares
    Share 0 Tweet 0
  • Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing

    0 shares
    Share 0 Tweet 0
  • Ministry of Oil & Gas holds meeting on Nigeria-Niger-Libya Gas Pipeline Project

    0 shares
    Share 0 Tweet 0
  • 98 foreign companies from 14 countries and 100 local companies will participate in 7th Libya Food exhibition: Tripoli 29 March to 1 April

    0 shares
    Share 0 Tweet 0
  • First-ever Libya use of SLB’s AI technology opens new horizons in Horizontal Drilling for Sirte Oil Company

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Misrata Chamber of Commerce hosts delegation representing 30 Egyptian companies in the food packaging sector

Misrata Chamber of Commerce holding workshop on ‘‘The Smart Export Gateway’’ from 1 to 2 April

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.