Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing
Apr 1 Sami Zaptia

Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing

After days of steady gains by the Libyan dinar on the black-market foreign exchange from a high two weeks ago of around LD 10.50 per dollar to a low o...

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CBL signs contract to print LD 30 billion of new LD-20 denominations – more denominations, including LD 50, to be printed this year
Mar 29 Sami Zaptia

CBL signs contract to print LD 30 billion of new LD-20 denominations – more denominations, including LD 50, to be printed this year

An anonymous ‘‘Central Bank of Libya (CBL) official’’ briefed local Arabic-language media yesterday that the CBL had signed a new contract the previou...

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US stresses importance of fully implementing its brokered Unified Development Programme agreement and establishing a unified budget
Mar 26 Sami Zaptia

US stresses importance of fully implementing its brokered Unified Development Programme agreement and establishing a unified budget

The US stressed the importance of the two Libyan western and eastern authorities implementing the unified development spending programme agreement, it...

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CBL leaks to local media: New currency arriving - Intention to pump US$ 2.5 in market on 1 April
Mar 25 Sami Zaptia

CBL leaks to local media: New currency arriving - Intention to pump US$ 2.5 in market on 1 April

The Central Bank of Libya (CBL) has been engaged in a media briefing campaign in an attempt to frighten black-market foreign currency traders into low...

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Customs Authority introduces use of specialized security paper for official letters to prevent LC forgery
Mar 16 Sami Zaptia

Customs Authority introduces use of specialized security paper for official letters to prevent LC forgery

The Libyan Customs Authority announced yesterday the adoption of security paper for official letters related to the settlement and closure of Document...

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Bank of Commerce and Development: First bank to launch e-Wallet for expat residents and workers
Mar 16 Sami Zaptia

Bank of Commerce and Development: First bank to launch e-Wallet for expat residents and workers

Libya’s privately-owned Bank of Commerce and Development announced yesterday the launch of what it considered to be the first e-Wallet dedicated to fo...

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CBL to abolish tax on foreign exchange sales and tax on foreign exchange personal allowance to a rate of 6.37 dinars to the dollar
Mar 15 Sami Zaptia

CBL to abolish tax on foreign exchange sales and tax on foreign exchange personal allowance to a rate of 6.37 dinars to the dollar

The Central Bank of Libya (CBL) briefed Libyan media yesterday of its intention to implement the decision of the Speaker of the House of Representativ...

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Hafters vow to continue uncontrolled public spending – refuse to cut spending to save Libya’s economy – veiled threat to cut off oil supplies
Mar 15 Sami Zaptia

Hafters vow to continue uncontrolled public spending – refuse to cut spending to save Libya’s economy – veiled threat to cut off oil supplies

‎In a cleverly coordinated PR stunt, the Director General of the Libya Development and Reconstruction Fund, Belgasem Khalifa Haftar, son of the ageing...

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CBL allows official foreign residents in Libya the use of e-Wallets – sets daily transfer categories
Mar 11 Sami Zaptia

CBL allows official foreign residents in Libya the use of e-Wallets – sets daily transfer categories

In a letter leaked on Libyan media today (Reference 9/2026 dated 11/03/26), the Central Bank of Libya (CBL) instructed commercial bank managers and e-...

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HoR unofficial meeting proposes a new reform Roadmap to elect new leadership and amend internal regulations
Mar 11 Sami Zaptia

HoR unofficial meeting proposes a new reform Roadmap to elect new leadership and amend internal regulations

About 40 members of the House of Representatives (HoR) held an unofficial meeting at the HoR’s Benghazi headquarters yesterday after which they declar...

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