CBL expresses distress over March’s low oil revenues – threatening fiscal sustainability
The Central Bank of Libya (CBL) expressed distress over March’s low oil revenues, threatening Libya’s fiscal sustainability. The alert came ...
Tag: FX foreign currency exchange
CBL approves applications for 64 Foreign Exchange Bureaux
The Central Bank of Libya (CBL) announced today that it has approved 64 applications for the opening of Foreign Exchange ...
HoR Speaker Salah decree reduces FX sales surcharge from 20 to 15 percent
Ageela Saleh, Speaker of Libya’s eastern based parliament, the House of Representatives (HoR), passed a decree today (86/204) reducing the ...
CBL invites applicants who had previously obtained initial approval to establish FX bureaux to resubmit applications
The Central Bank of Libya (CBL) invited yesterday applicants who had previously obtained initial approval to establish foreign exchange bureaux ...
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 ...
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 ...
Libyan dinar gains value as economic reforms take effect
By Sami Zaptia. The Libyan dinar has gained sharply in value against hard currencies as a result of the Faiez ...
Serraj PC/GNA sets currency tax at 183 percent, devalues dinar to LD 3.90 per dollar
By Sami Zaptia. The Faiez Serraj-led PC/GNA has effectively devalued the Libyan dinar by adding a 183 percent levy on ...
Long promised economic reforms agreed
By Sami Zaptia. Libya's long-awaited economic reforms were agreed and announced yesterday (Photo: PC). Dusseldorf, 13 September 2018: Libya's long ...
Libyan dinar surges to 4.80 against the dollar – a black-market trader’s view
By Sami Zaptia. The black market dollar exchange rate fell to the LD 4.80 mark yesterday, a record gain for ...
Top Stories
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Escalation of kidnappings, intimidation, enforced disappearances in Tripoli condemned
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LBBC and NOC announce the London ‘‘Libya Bid Round Roadshow’’ to be held on 7 April
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CBL introduces the new LD 5 banknote
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Joint statement by the embassies of France, Italy, Germany, UK and USA on the independence of Libya’s Audit Bureau
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EU welcomes positive steps taken by Libyan authorities in releasing detainees
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.