Customs Authority introduces use of specialized security paper for official letters to prevent LC forgery
The Libyan Customs Authority announced yesterday the adoption of security paper for official letters related to the settlement and closure ...
Tag: LCs letters of credit
HSC’s proposals to reform Libya’s economy include abolishing proposed taxes, suspending development spending, prioritising imports, monitoring LCs
In a session held yesterday, the High State Council (HSC) proposed the following measures to address Libya’s economic crisis: - ...
Ministry of Planning meets Libyan Industry Union to discuss support for nationally manufactured products
With the background of price rises in basic commodities, shortages of cooking oil, LC fraud and attempts to preserve Libya's ...
There is no shortage of food supplies in the Libyan marketplace: Customs Authority
The Official Spokesperson for the Libyan Customs Authority stated last Sunday (15 February) that there is no shortage of food ...
CBL reaches agreement with importers to urgently deliver 2.5 million boxes of cooking oil
The Governor of the Central Bank of Libya (CBL), Naji Issa, held a meeting in his Tripoli office yesterday with ...
Ministry of Economy warns animal feed importers who had obtained LC to justify pricing structure and prove market availability of their imports
The Tripoli based Libyan Ministry of Economy and Trade issued a final warning last Thursday (5 February) to all animal ...
Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025
The Tripoli based Ministry of Economy and Trade announced yesterday that it had requested that the Central Bank of Libya ...
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 ...
Car importers granted LCs are overcharging consumers by 60 percent – Economy Ministry to take corrective action
The Ministry of Economy and Trade stated yesterday (in its Clarification Statement no. 2/2026) that the volume of letters of ...
Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
The Libyan Customs Authority announced yesterday the detection of 11 companies that obtained Letters of Credit at the official (and ...
Top Stories
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Damaged and drifting Russian gas tanker under control – being tugged away to sea by Libyan efforts
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PM Aldabaiba reopens Tripoli Zoo after a 17-year closure: a symbolic turnaround for the Zoo – from a militia military base back to a leading recreation destination
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Production at the Sharara field continues despite pipeline fire – production diverted via other pipelines: NOC
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LPTIC Chairman tours Tripoli International Airport – emphasises need to accelerate pace of completion of telecoms work
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BREAKING: Eni announces new offshore gas discoveries in Libya of more than 1 trillion cubic feet – gas to supply Libyan domestic market and for export to Italy
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.