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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With Ramadan starting in late February, the Tripoli government launches price-control campaign on essential commodities
Jan 7 Sami Zaptia

With Ramadan starting in late February, the Tripoli government launches price-control campaign on essential commodities

The Tripoli based Libyan government announced yesterday that, in accordance with the Prime Minister's directives, a comprehensive monitoring campaign...

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With Ramadan looming, PM Aldabaiba follows up on goods availability and prices
Jan 2 Sami Zaptia

With Ramadan looming, PM Aldabaiba follows up on goods availability and prices

‎Tripoli based Libyan Prime Minister ‎Abd Alhamid Aldabaiba held an extensive meeting yesterday at his Cabinet Office to follow up on the general leve...

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CBL instructs banks, fuel distribution companies and the bakeries’ union to increase the use of e-payments
Dec 7 Sami Zaptia

CBL instructs banks, fuel distribution companies and the bakeries’ union to increase the use of e-payments

In several Central Bank of Libya (CBL) circulars dated 3 and 4 December directed to banks, fuel distribution companies, the bakeries' union, the CBL h...

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Rethinking the Central Bank’s Policy: Why Weekly Dollar Auctions Are the Key to Defeating Speculators - Husni Bey
Nov 13 Sami Zaptia

Rethinking the Central Bank’s Policy: Why Weekly Dollar Auctions Are the Key to Defeating Speculators - Husni Bey

Leading Libyan businessman and regular economic commentator and critic, Husni Bey, had criticized since 1982 the Central Bank of Libya’s (CBL) past an...

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e-payment use rises sharply to October 2025 - part of CBL effort to lure Libyans away from cash use
Nov 13 Sami Zaptia

e-payment use rises sharply to October 2025 - part of CBL effort to lure Libyans away from cash use

According to the latest CBL monthly statistical bulleting covering 1 January to 31 October 2025, the number of Point of Sale (PoS) machines reached 14...

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CBL stats until end of September 2025: Libya has LD 8.4 billion surplus but US$ 6 billion deficit
Oct 17 Sami Zaptia

CBL stats until end of September 2025: Libya has LD 8.4 billion surplus but US$ 6 billion deficit

According to the Central Bank of Libya (CBL) latest statistical bulletin published last Wednesday (15 October) on Libya’s revenues and expenditures fo...

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Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit
Oct 12 Sami Zaptia

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

Libya's Grand Mufti, Sheikh Al-Sadeg Al-Ghiriani said that the ‘‘Absolute Speculative’’ (referred to as Mudaraba in Islamic - Sharia) certificates of...

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CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October
Oct 8 Sami Zaptia

CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October

The Central Bank of Libya (CBL) announced today that its planned ‘‘Absolute Speculative (Mudaraba)’’ Certificates of Deposit will be issued to banks f...

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Libya needs transparent reforms - Deposit Certificates & dollar auctions to restore fairness, stability, and confidence in Dinar: H Bey
Sep 30 Sami Zaptia

Libya needs transparent reforms - Deposit Certificates & dollar auctions to restore fairness, stability, and confidence in Dinar: H Bey

With the background of the weakening Libyan dinar with its high black-market exchange rate and the Central Bank of Libya’s efforts to stabilise it by...

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