Audit Bureau calls on CBL to speed up the opening of stalled LCs for essential goods
By Sami Zaptia. London, 22 November 2017: The Tripoli-based Audit Bureau has called on the Tripoli-based Central Bank of Libya ...
Tag: LCs letters of credit
Tripoli Chamber holds meeting on developing renewables in Libya
By Sami Zaptia. Solar panels installed at Abu Sleem hospital by the UNDP (Photo: UNDP). London, 21 November 2017: The ...
Tripoli Audit Bureau head Shakshak blames CBL and Serraj PC for financial woes
By Sami Zaptia. Khaled Shakshak the head of the Tripoli-based Audit Bureau (Photo: Libya Rasmiya Channel) London, 17 November 2017: ...
Assaraya bank chairman and two other bank colleagues released after brief illegal arrest
By Sami Zaptia. (ATIB). London, 18 June 2017: The chairman of the privately-owned Assaraya Trade and Investment Bank (ATIB - ...
Corruption in Libyan banking sector ‘‘threatens whole economy’’ – Audit Bureau 2016 Annual Report
By Sami Zaptia. The Tripoli-based Audit Bureau says in its 2016 Annual Report that corruption in Libya's banking system threatens the ...
Customs duty of 100 percent to be imposed on imports – to solve liquidity and economic problems
By Sami Zaptia. The Serraj-led PC/GNA is to impose a 100 percent customs duty on almost all imports in an ...
Audit Bureau bans 23 Libyan and foreign companies, freezes smuggled money accounts
By Sami Zaptia. Thirteen foreign companies from 6 different countries/cities were implicated in hard currency smuggling by the Libyan Audit ...
CBL to release $750 M LCs for January imports pending 2017 budget approval
By Sami Zaptia. The Tripoli-CBL has approved US$ 750 million of LCs for needed January imports pending budget approval (Source: ...
Libyan dinar continues to crash as it breaks 5-dinar mark against the dollar
By Sami Zaptia. The Libyan dinar has continued to nosedive on the black market reaching LD 5.30 against the US ...
CBL increases foreign currency amount for LCs to 10 percent of its annual budget
By Sami Zaptia. CBL Tripoli is increasing the amount of hard currency available for priority LCs from 5 to 10 ...
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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.