No Result
View All Result
Saturday, August 30, 2025
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 Business

The CBL Tripoli v CBL Benghazi battle continues: CBL Benghazi adjusts exchange rate to LD 4.25/dollar, CBL Tripoli refuses the devaluation and keeps rate at LD 5.2/dollar

bySami Zaptia
October 5, 2022
Reading Time: 1 min read
A A
Central Bank of Libya’s El-Kaber and Hibri meet – launch bank’s unification process

The Tripoli CBL Governor El-Kaber (left) and his Deputy Hibri (right) during a meeting in Tunis last year to launch the bank's reunification process. However, the CBL is still split and the latest spat over setting the exchange rate is further evidence (Photo: CBL).

The Central Bank of Libya (CBL) in Benghazi, issued on Monday, a decision to amend the exchange rate of the Libyan dinar against the dollar to LD 4.25/dollar effective as of 16 October.

The Benghazi-based CBL said the decision will apply to all purposes, aspects and operations in which foreign exchange is used for all individuals, legal, public and private national and non-national entities.

However, for its part, the Central Bank of Libya in Tripoli responded to the decision by rejecting it. It confirmed the continuation of work at the previous rate of LD 5.2/dollar.

The CBL Benghazi decision comes on the back of the news that it had held a board meeting of the CBL to which it had invited the Tripoli CBL Governor. It reported that he had declined to attend.

CBL Benghazi said the decision to adjust the exchange rate was issued after a meeting and an economic study of the country’s recession. It said it holds the Tripoli Governor responsible for his actions and accused him of being insensitive to the plight of the average Libyan suffering in a recession and with inflation and a decreased purchasing power.

RELATED POSTS

New CBL Tripoli HQ construction project inaugurated – 11 years after it was announced

Municipality Guard and Central Bank of Libya discuss implementation of commercial and financial activities’ laws and regulations

Tags: CBL BenghaziCBL Central Bank of LibyaCBL Tripoli

Related Posts

High-level Libyan government delegation arrives in Guinea to regain ownership of illegally confiscated investment assets
Business

Libya Africa Investment Portfolio considering funding its Libya projects through Islamic bonds

August 29, 2025
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Libyan German discussions include resumption of flights, opening of German Embassy’s visa section and economic and investment cooperation

August 28, 2025
Libya and Shell discuss several areas of cooperation
Business

Acting Minister of Oil and Gas Khalifa Abdel Sadig and US Chargé d’affaires Berndt discussions include developing oil sector

August 28, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Business

Aldabaiba-British Ambassador discussions include resumption of British Airways Libya flights and creating attractive Libyan investment environment for foreign companies

August 28, 2025
‘‘Enhancing skills related to the green and blue economy to enhance employment opportunities’’ workshop held in Tripoli
Business

Ministry of Planning launches Libya 2050 Vision

August 27, 2025
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Qatari shipping line Milaha begins its Libya operations from Misrata Free Zone

August 27, 2025
Next Post
Audit Bureau critical of mismanagement and corruption in electricity sector

Audit Bureau demands CBL be more transparent and cooperative in providing data

General Information Authority announces establishment of “Digital Lab” and oversees digital transformation roadmap

General Information Authority announces establishment of "Digital Lab" and oversees digital transformation roadmap

ADVERTISEMENT

Top Stories

  • Medsky Airways adds a second Airbus 320 to its fleet

    Medsky to launch new direct flights between Libya and Athens soon

    0 shares
    Share 0 Tweet 0
  • Largest-ever Libyan government delegation to visit Washington first week of September

    0 shares
    Share 0 Tweet 0
  • NOC discusses exploration and production with US oil giant Chevron in its 4 billion reserves, 18 bn barrels of shale oil and 123 trillion cubic ft of natural gas

    0 shares
    Share 0 Tweet 0
  • Qatari shipping line Milaha begins its Libya operations from Misrata Free Zone

    0 shares
    Share 0 Tweet 0
  • Ministry of Planning launches Libya 2050 Vision

    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

Libya Africa Investment Portfolio considering funding its Libya projects through Islamic bonds

Libya’s Emergency Telecoms Management Plan to enhance crisis preparedness, effective response and early warning system – is launched

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.