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. ...
Tag: LCs letters of credit
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, ...
CBL insists that it has resumed opening of LCs
By Sami Zaptia. The CBL insists LCs are available but within its new conditions released in January (Logo: CBL). London, ...
CBL meets businesses regarding its new regulations for opening LCs
By Sami Zaptia. The CBL met with the business community yesterday to discuss its newly introduced stringent regulations for opening ...
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Former Tripoli Marriot hotel rebranded, upgraded and reopened as Al-Hayat Tower
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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.