CBL’s role in granting LCs is limited – does not include assessing Libya’s economic needs
The Central Bank of Libya (CBL) issued a clarification statement yesterday regarding documentary credit procedures, emphasizing that its role and ...
Tag: hard currency dollars
Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
Tripoli based Libyan Minister of Economy Mohammed Al-Hwej, in an exclusive live interview yesterday with the Istanbul-based Libyan satellite TV ...
Rethinking the Central Bank’s Policy: Why Weekly Dollar Auctions Are the Key to Defeating Speculators – Husni Bey
Leading Libyan businessman and regular economic commentator and critic, Husni Bey, had criticized since 1982 the Central Bank of Libya’s ...
Implications of some of the CBL’s current monetary policy: Analysis
By Osama Alabeersh. 20-dinar note Benghazi, 13 November 2019: The Tripoli Central Bank of Libya's (CBL) latest bulletin on Libya's ...
Serraj PC/GNA sets 2017 US$ 10.6 bn import budget
By Sami Zaptia. The Faiez Serraj government has allocated US$ 10.6 bn for imports in 2017 (Photo: PC/GNA). London, 27 ...
Top Stories
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Aldabaiba refutes Italian media reports of another health setback – says he was having a routine checkup coinciding with a Milan visit
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Newly created Libyan United Airlines reveals logo – stresses it is a privately owned airline
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As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis
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Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget
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Demonstrations continue in Zawia for the second day in a row against all incumbent political entities as standards of living continue to diminish
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.