CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations
Feb 13 Sami Zaptia

CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations

The Central Bank of Libya (CBL) announced yesterday that the profits achieved from investment and speculation in the ‘‘Absolute Speculative’’ Mudaraba...

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CBL requests Foreign Ministry to instruct employees to only use official foreign exchange bureaux – calls on authorities to close unlicensed foreign exchange shops
Feb 13 Sami Zaptia

CBL requests Foreign Ministry to instruct employees to only use official foreign exchange bureaux – calls on authorities to close unlicensed foreign exchange shops

In a letter leaked on Libyan media dated 12 February, the Governor of the Central Bank of Libya (CBL), Naji Issa, requested that Libya’s Minister of F...

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EU launches Invest4Libya project to strengthen public finance and drive digital and green investment in Libya
Feb 9 Sami Zaptia

EU launches Invest4Libya project to strengthen public finance and drive digital and green investment in Libya

Libya’s Tripoli based Ministry of Finance, the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France officia...

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84,000 boxes of cooking oil seized as part of anti-monopoly and price-fixing campaign
Feb 7 Sami Zaptia

84,000 boxes of cooking oil seized as part of anti-monopoly and price-fixing campaign

The Tripoli based Libyan government reported last Thursday (5 February) that a warehouse in the Injila area, south of Tripoli, was raided and approxim...

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Ministry of Economy warns animal feed importers who had obtained LC to justify pricing structure and prove market availability of their imports
Feb 7 Sami Zaptia

Ministry of Economy warns animal feed importers who had obtained LC to justify pricing structure and prove market availability of their imports

The Tripoli based Libyan Ministry of Economy and Trade issued a final warning last Thursday (5 February) to all animal feed suppliers holding letters...

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Economy Ministry prohibits commodity pricing based on the black-market exchange rate
Feb 6 Sami Zaptia

Economy Ministry prohibits commodity pricing based on the black-market exchange rate

The Tripoli based Libyan Minister of Economy and Trade issued Decision No. (51) of 2026 regarding commodity pricing. The decree prohibits the pricing...

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Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025
Feb 3 Michel Cousins

Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025

The Tripoli based Ministry of Economy and Trade announced yesterday that it had requested that the Central Bank of Libya (CBL) suspend 85 import compa...

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Minister of Economy Hwej approves series of regulatory measures during meeting with Ministry's affiliated entities‎
Jan 30 Sami Zaptia

Minister of Economy Hwej approves series of regulatory measures during meeting with Ministry's affiliated entities‎

‎Tripoli based Minister of Economy and Trade, Mohamed Al-Hwej, held an extensive meeting last Thursday (29 January) with the Undersecretaries of the M...

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Libyan Foreign Bank files for US$ 100 million lawsuit against Zimbabwean entities for a 2001 debt
Jan 30 Sami Zaptia

Libyan Foreign Bank files for US$ 100 million lawsuit against Zimbabwean entities for a 2001 debt

Bloomberg reported last Wednesday (28 January) that the Libyan Foreign Bank (LFB), a subsidiary of the Central Bank of Libya, has filed a lawsuit agai...

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Wahda bank to introduce ‘‘Edei’’ - the first palm-scan payment service in Libya
Jan 30 Sami Zaptia

Wahda bank to introduce ‘‘Edei’’ - the first palm-scan payment service in Libya

Wahda Bank announced yesterday that it will be introducing soon "Edei", the first palm-scan payment service in Libya. It said this comes as part of i...

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