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). ...
Tag: LCs letters of credit
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, ...
Foreign currency fraud could lead to collapse of Libyan economy
By Sami Zaptia. The Tripoli-based Audit Bureau says that financial fraud could lead to the collapse of the Libyan economy. ...
PC/GNA and CBL agree five urgent measures for economic crisis
(Logo: Tripoli CBL). By Sami Zaptia. London, 19 April 2016: The . . .Presidential Council (PC) of the Government ...
Khoms police stop money laundering containers
By Sami Zaptia. Containers, part of a money laundering scheme were seized by Khoms police containing mostly water (Photo: Khoms ...
CBL bank circular recognizes Serraj authority, speeds up LCs
By Sami Zaptia. The CBL effectively recognized the UN-backed Serraj-led administration today (Photo: CBL). London, 6 April 2016: The Central Bank ...
Haithem Tajouri named in UN report for financial fraud and human rights infringements
By Sami Zaptia. Head of the Tripoli Revolutionaries Brigade militias, Haitham Tajouri, is named in a UN report for financial ...
AB meets Jumhouriya bank, urges fast action on debit cards, LCs and currency transfers
By Sami Zaptia. Jumhouria bank is encouraging the use of POS payments to help ease the cash crises in Libyan ...
Over 500 abandoned containers in Tobruk port – part of foreign currency corruption scam
By Sami Zaptia Containers at Tripoli Port (Photo: Archives - Libya Herald/Tom Westcott) London, 10 March 2016: There are more ...
CBL to open LCs as black market dollar peaks at LD 4.50 today
By Sami Zaptia A rare sighting of Tripoli's CBL Governor Saddek Elkaber in the capital at the Audit Bureau meeting today. Elkaber, ...
Top Stories
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Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually
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Zawia airport construction starts – under the NDA and to be implemented by a Turkish company
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CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar
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Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
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Libya’s state mobile company Almadar to launch 5G services soon
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.