Dollar breaks LD 9 mark on black-market for first time since December 2017
The US dollar broke the LD 9 mark on the black-market foreign exchange yesterday for the first time since December ...
Tag: foreign exchange black-market parallel market
CBL issues new licenses to another 91 FX Bureaux – but no announcement of when they may start trading as the LD plunges to 8.17 per dollar
The Central Bank of Libya (CBL) announced today the granting of new final practice permits to 91 companies and foreign ...
CBL comes in for more criticism from Grand Mufti – accuses it of usury
As the exchange rate for the Libyan dinar reaches 7.79 against the US dollar in the black-market, making a mockery ...
CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October
The Central Bank of Libya (CBL) announced today that its planned ‘‘Absolute Speculative (Mudaraba)’’ Certificates of Deposit will be issued ...
CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa
The Central Bank of Libya (CBL) will use all its capabilities to bring the foreign exchange (FX) rate of the ...
CBL grants licenses to 52 new FX bureaux – bringing total to 187
In accordance with the Central Bank of Libya's plan to activate the role of Foreign Exchange Bureaux and FX companies, ...
As the Libyan diner plunges in value above the LD 8 per US$ – CBL reveals causes and planned countermeasures
As the Libyan dinar plunges beyond the LD 8 per US$ mark, causing much alarm in Libya, an undisclosed ‘‘official ...
CBL demands imports are conducted through official banking instruments and the elimination of the FX black market
In a series of letters leaked by credible Libyan media sites, the Central Bank of Libya (CBL) continues its efforts ...
CBL sets 7 percent profit margin for official FX Bureaux
The Central Bank of Libya (CBL) has issued a circular permitting licensed foreign exchange (FX) bureaux to sell foreign exchange ...
Central Bank of Libya permits issuance of certificates of deposit
The Central Bank of Libya issued instructions yesterday to Libyan commercial banks to begin issuing certificates of deposit. It is ...
Top Stories
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Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually
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Zawia airport construction starts – under the NDA and to be implemented by a Turkish company
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CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar
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Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
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Libya’s state mobile company Almadar to launch 5G services soon
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.