For the first time in 15 years, Libya receives international approval to import dollars in cash
Jan 30 Sami Zaptia

For the first time in 15 years, Libya receives international approval to import dollars in cash

The Central Bank of Libya (CBL) announced that it has received international approval to import US$ 600 million monthly in cash, for the first time in...

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HoR will not impose taxes on essential goods – but still studying and reviewing the idea
Jan 27 Sami Zaptia

HoR will not impose taxes on essential goods – but still studying and reviewing the idea

‎Libya’s Benghazi based parliament, the House of Representatives (HoR), confirmed in a statement yesterday that it will not impose any taxes or fees o...

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CBL’s role in granting LCs is limited - does not include assessing Libya’s economic needs
Jan 26 Sami Zaptia

CBL’s role in granting LCs is limited - does not include assessing Libya’s economic needs

The Central Bank of Libya (CBL) issued a clarification statement yesterday regarding documentary credit procedures, emphasizing that its role and that...

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Assigning a tracking company for Libya’s imported cargo could eliminate Letters of Credit fraud: Attorney General Al-Sour
Jan 22 Sami Zaptia

Assigning a tracking company for Libya’s imported cargo could eliminate Letters of Credit fraud: Attorney General Al-Sour

Speaking about corruption in Libya’s Letters of Credit file, in an interview with Istanbul-based Libyan satellite TV channel, Libya Al-Ahrar, Libya’s...

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e-payment transactions for 2025 increased by 186 percent to LD 389 billion: CBL
Jan 20 Sami Zaptia

e-payment transactions for 2025 increased by 186 percent to LD 389 billion: CBL

In its latest routine statistical bulletin, the Central Bank of Libya (CBL) revealed that the volume of transactions using e-payment methods increased...

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CBL latest stats show a balanced LD budget for all of 2025 but a hard currency deficit of US$ 9 billion
Jan 20 Sami Zaptia

CBL latest stats show a balanced LD budget for all of 2025 but a hard currency deficit of US$ 9 billion

In its routine statistical bulletin summarising 2025, the Central Bank of Libya (CBL) announces yesterday that Libya’s total revenues totalled 136.86...

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Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
Jan 18 Sami Zaptia

Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

Tripoli based Libyan Minister of Economy Mohammed Al-Hwej, in an exclusive live interview yesterday with the Istanbul-based Libyan satellite TV statio...

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CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar
Jan 18 Sami Zaptia

CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar

The Central Bank of Libya announced today that it has devalued the Libyan dinar by 14.7 percent from approximately LD 5.43 to LD 6.36 per US$. The CB...

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Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Jan 16 Sami Zaptia

Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million

The Libyan Customs Authority announced yesterday the detection of 11 companies that obtained Letters of Credit at the official (and lower) exchange ra...

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Jumhuria bank launches Libya’s first e-payment service for petrol stations
Jan 15 Sami Zaptia

Jumhuria bank launches Libya’s first e-payment service for petrol stations

Libya’s largest (state) bank, Jumhouria Bank, announced yesterday the launch of the country’s first-ever e-payment service at petrol stations. This s...

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