FX black-market has existed for years and decades, and eliminating it in a short period is impossible: CBL Governor Issa
Speaking during a press conference after his meeting with the Central Bank of Libya (CBL) Governor Naji Issa last Monday ...
Tag: FX foreign currency exchange
Central Bank of Libya source to Libya Herald: Direct transfers will effectively end the black market’s monopoly on foreign currency
A well-placed source at the Central Bank of Libya (CBL) confirmed to Libya Herald that the bank officially launched its ...
Customs Authority foils attempt to smuggle over € 490,000 through Misrata airport
The Libyan Customs Authority reported yesterday that, in cooperation with the Internal Security Agency, it had foiled an attempt on ...
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 ...
Dollar exchange rate falls to Libyan Dinar in black-market four days after end of deadline for withdrawal of old LD 5 and LD 20 notes
The US dollar foreign exchange (FX) rate fell to Libyan Dinar 6.94/dollar in Tripoli’s black-market today, four days after end ...
Granting licenses to official foreign exchange bureaux is a step toward eliminating FX black-market: Aldabaiba
The granting of licenses to official foreign exchange (FX) bureaux is a good step toward ensuring the existence of legal ...
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 ...
Ministry of Economy warns against currency speculation
The Tripoli based Libyan Ministry of Economy and Trade warned all in Libyan against currency speculation or buying foreign currencies ...
Tripoli PM Aldabaiba closes 25 embassies, suspends overseas education scholarships and limits overseas conference participation – as part of hard currency savings drive
As part of his drive to protect the foreign exchange value of the Libyan dinar, Tripoli based Libyan Prime Minister, ...
Aldabaiba calls for international stance against East’s uncontrolled spending
Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, met on Tuesday with the European Union Ambassador to Libya, Nicola Orlando, ...
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Sentiment growing against illegal refugee settlement, resettlement or naturalisation across Libya – UNHCR singled out for criticism
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“No to Settlement, Naturalisation – Libya for Libyans” Movement rallying Libyans to resist settlement of illegal migrants
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‘Refugees in Libya’ condemns campaign of dehumanization against migrants, refugees, and asylum seekers in Libya
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Central Bank of Libya source to Libya Herald: US$ 3.5 bn plan launched today to cover Letters of Credit, transfers, and personal use
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Tripoli government follows up on readiness of new Ministerial Complex at Airport Road’s Tripoli Gate project
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.