No Result
View All Result
Saturday, June 3, 2023
23 °c
Tripoli
24 ° Sun
24 ° Mon
23 ° Tue
22 ° Wed
  • 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 Business

CBL transfers LD 93 million student scholarship funds to 42 countries

bySami Zaptia
March 12, 2015
Reading Time: 2 mins read
A A
12
SHARES
51
VIEWS
Share on FacebookShare on Twitter

By Libya Herald reporter.

Malta, 12 March 2015:

The Central Bank of Libya (CBL) announced today that it has started transferring abroad over . . .[restrict]LD 93 million of student scholarship funds to cover the needs of the first quarter of 2015.

It will be recalled that because of the financial crises that Libya is currently going through as a result of the political and military infighting leading to the fall in oil production to 10-20 percent of peak post 2011 production, as well as the crash in international crude oil prices, Libya has been late in transferring scholarship funds to its overseas students.

Many students have been reporting that they are experiencing severe hardships abroad.

RELATED POSTS

CBL temporarily suspends chairman and directors of ATIB

LD 4.6 bn in cash delivered by Tripoli CBL to eastern banks: CBL Benghazi

The issue of Libyan student state-funded scholarship funds has been further complicated by the anti-corruption/transparency battle taking place between Libya’s Audit Bureau and Libyan embassies abroad.

The Audit Bureau has claimed that some embassies had failed to open up their finances to inspection by its inspectors – as prescribed by Libyan law. As a result, it had suspended the transfer of state-funds to a blacklist of embassies.

On the 19 January, the CBL had announced that it was transferring a batch of scholarship funds to ten countries in Europe, five in Asia and three Arab and African countries. The funds had totalled LD 9,082,494 million.

On 6 March the CBL had announced that it had similarly transferred delayed payments for medical insurance of all students abroad.

The 42 countries that the CBL has announced it is transferring money to today are:

 

UK South Africa Azerbaijan Czech Republic
Jordan Belorussia Australia Slovakia
Algeria Qatar Portugal Switzerland
Sudan Lebanon Sweden Canada
China Malaysia Hungary Malta
Morocco Nigeria Austria Holland
India UAE Italy Denmark
Indonesia Japan Belgium Romania
Ukraine Saudi Arabia Bulgaria Bosnia Hertzogovenia
USA Philippines Poland
Tanzania Oman Turkey

  [/restrict]

 
Tags: CBL Central Bank of Libyacrude oil productioneconomic crisesinternational crude oil pricesstudents scholarship funds
Share5Tweet3Share1

Related Posts

Benghazi Turkish Trade Exhibition postponed to 12-15 June
Business

Benghazi Turkish Trade Exhibition postponed to 12-15 June

June 3, 2023
HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia
Business

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

June 3, 2023
SPARK partners with Hive and Assaraya in Benghazi to implement training programme
Business

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

June 2, 2023
REAoL opens Benghazi office – to open office in south soon
Business

REAoL opens Benghazi office – to open office in south soon

June 1, 2023
Shippex 2023 postponed to new date of 19 to 22 June
Business

Shippex 2023 postponed to new date of 19 to 22 June

June 1, 2023
Libyan eastern government to build 300k bpd Tobruk refinery with foreign investors on BOT basis
Business

Tunisian Companies Forum to be held in Benghazi on 4 June

June 1, 2023
Next Post

NOC aware of attempts at illegal Libyan crude oil sales – warns of legal counter steps

Saudi and Sudan allow Libyan planes to pass through airspace to Jordan

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    232 shares
    Share 93 Tweet 58
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    67 shares
    Share 27 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    52 shares
    Share 21 Tweet 13
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    144 shares
    Share 58 Tweet 36
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    45 shares
    Share 18 Tweet 11
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

Benghazi Turkish Trade Exhibition postponed to 12-15 June

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

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.

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow 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
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?