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 ...
Tag: foreign exchange black-market parallel market
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 ...
Libyan dinar falls to 6.27 per dollar, recovers to 5.61 today
The Libyan dinar recovered some of its value in the black/parallel market against the major hard currencies Wednesday after steady ...
Op-Ed: Libya at war: “FX Surcharges Vs Petrodollars” – the reality
By Husni Bey. (Photo: Sami Zaptia). Milan, 28 January 2020: The dominant call by all participants at the Berlin Libya ...
Eastern CBL participates in seminar on black-market impact on official exchange rate
By Sami Zaptia. The eastern-based CBL participated in a seminar on the effects of the foreign exchange black-market on the ...
Top Stories
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Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
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BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development
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All imports into Libya must be paid for through official bank transactions
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Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions
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Aldabaiba opens First Phase of Tripoli’s Third Ring Road
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.