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 ...
Tag: foreign exchange black-market parallel market
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 ...
Economy Minister relents to protests; orders release of goods held in ports
The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, today relented to protests by businesses through the various ...
Misrata Chamber to hold protest in front of the CBL to ‘‘escalate the situation’’ regarding unfair monetary policy and policy neglect
Misrata Chamber of Commerce held a meeting today its headquarters headed by its chairman, Fathi Al-Amin Al-Turki with several Misrata ...
Top Stories
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‘‘Serious interest from American companies in returning to the Libyan market confirms their confidence in the path of reform and stability’’
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A high-level Libyan delegation and U.S. officials from Congress, the administration, and think tanks hold roundtable discussion in DC
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Tripoli Libyan government delegation holds extensive meeting in DC with several major American companies ‘‘reflecting renewed American interest in Libyan market’’
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Tripoli government delegation meets Eric Meyer, Assistant Secretary of the Treasury for the Middle East and Africa, to discuss economic and financial cooperation
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Sirte Free Zone offers 70% reduction in duties for all goods through its port for two years
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.