CBL

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the Libyan central bank said on Monday.The bank said in a statemen that oil represented…

A source from the Central Bank of Libya (CBL) has denied to Libyan Express the news circulated on social media and media outlets about the transfer of the data centres from the main headquarters in Tripoli to the city of Misurata. The…

The Governor of the Central Bank of Libya (CBL) Al-Sidiq Al-Kabeer met in Tunisia on Saturday with his Tunisian counterpart Marwan Al-Abbasi to discuss mutual economic relations. CBL said the meeting focused on kick-starting the…

The Head of the Libyan Presidential Council Fayez Al-Sirraj has met with the Governor of the Libyan Central Bank (CBL) Al-Siddiq Al-Kabeer to discuss the current economic situation in the country.The meeting on Thursday also reviewed,…

North Tripoli Court ruled Sunday to stop the order of the Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer of 2018 to dismiss the Director of the Libyan Foreign Bank (LFB) Mohamed Ben Yousef and his board of directors. …

The Central Bank of Libya (CBL) said in a statement on Wednesday that it is going to resume the $500 grant for every family member in the country starting from next Sunday.The CBL explained that the delay has been caused by the…

The chairman of Libya's state oil firm National Oil Corp (NOC) has asked the central bank to increase salaries of oil workers by 67 percent in 2019, a statement said on Tuesday. The North African country approved in 2013 such a pay rise…

Driven by personal ends and for their own benefits, employees at Libya's banks are now delaying the implementation of the economic reforms approved over a month ago by the Central Bank of Libya and the Presidential Council, a Libyan…

The Libyan professor of International Law and Human Rights, Dr. Ramadan Benzeer, has stated that the decision of the Presidential Council (300/2018) that imposes fees on selling foreign currency is illegal as it has been issued by a…

 The Libyan Foreign Bank (LFB) has gained massive profits amid the crises and financial as well as economic unrest in Libya over the last few years, a report by the LFB says. The report that was presented…

The Libyan Foreign Bank (LFB) said it had been bewildered to see a leaked Audit Bureau report draft prior to being discussed with the concerned departments at the LFB.“The leak comes despite the fact that the LFB has previously…

The Libyan Foreign Bank (LFB) has issued a statement denouncing the decision taken by the Governor of the Central Bank of Libya (CBL) Al-Sediq Al-Kabeer to dismiss the General Director of the LFB and the board of directors as well as to…

 The Independent reported Tuesday that in Libya, corruption was endemic in the country under Moamar Gaddafi, but now, amid the chaos of military struggle, it overwhelms the whole fabric of the country.The British newspaper said…

The Head of the Presidential Council Fayez Al-Sirraj has asked in a letter to the international community for forming a commission to be tasked with monitoring and going though every transaction made by the Central Bank of Libya (CBL)…

The former governor of the parallel Central Bank of Libya in al-Bayda, eastern Libya, Ali Al-Hibri, said the economic reforms announced by the CBL governor in Tripoli Al-Siddiq Al-Kabeer and the Presidential Council in Tunisia are…

The Central Bank of Libya (CBL) agreed in a meeting Saturday to charge fees on foreign currency transactions in the country in an attempt to narrow the gap between the official rates of foreign currency and those on black market. …

The Governor of the Central Bank of Libya (CB) in Tripoli Al-Sidiq Al-Kabir said that officials in the Government of National Accord's Presidential Council had reached agreement on enacting key economic reforms, including to fuel…

The Central Bank of Libya (CBL) issued a statement blaming the Audit Bureau for the current high prices of foods and goods in the markets during Ramadan.CBL said it had informed the related authorities of a looming economic crisis…

 The Central Bank of Libya (CBL) has accused the Libyan Foreign Bank (LFB) of gambling with Libyans’ money, a letter issued by the CBL and obtained by Libyan News shows. The CBL said the LFB is investing abroad…