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 ...
Tag: LCs letters of credit
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 ...
Thirteen containers of out-of-date meat intercepted at Khoms port
By Sami Zaptia. Khoms police intercepts 13 refrigerated containers leaving the city's port with out of date meat (Photo: Khoms ...
CBL provided $ 1.62 bn of hard currency since April
By Sami Zaptia. (Logo: Tripoli CBL). London, 6 June 2016: The Tripoli-based Central Bank of Libya (CBL) today revealed that ...
More Khoms Port containers seized in LC financial corruption
By Sami Zaptia. Khoms police seizes more Khoms Port containers in LC financial corruption (Photo: Khoms Police Counter Crime Unit). ...
CBL opens US$ 280 million LCs, mostly for food imports
By Sami Zaptia. The CBL has revealed details of the LCs it has opened since January 2016 (Photo: CBL). London, ...
Top Stories
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Former Tripoli Marriot hotel rebranded, upgraded and reopened as Al-Hayat Tower
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AmCham Libya organizing Second AmCham Pavilion at Tripoli’s 2026 Libya Energy & Economic Summit (LEES)
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Libyan Ministry of Oil and Gas and Algeria’s Sonatrach discuss enhancing cooperation in the sector
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Libya needs over one million housing units over next 10 years costing over 200 billion dinars
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Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi
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.