Central Bank of Libya permits issuance of certificates of deposit
Apr 16 Sami Zaptia

Central Bank of Libya permits issuance of certificates of deposit

The Central Bank of Libya issued instructions yesterday to Libyan commercial banks to begin issuing certificates of deposit. It is speculated that the...

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CBL devalues Libyan dinar by 13.3 percent to LD 5.56 per dollar
Apr 7 Sami Zaptia

CBL devalues Libyan dinar by 13.3 percent to LD 5.56 per dollar

‎The Central Bank of Libya announced yesterday, by virtue of its Board of Directors Resolution No. (18) of 2025, the devaluation of the Libyan dinar a...

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MSC announces price increases in shipping from Far East to Libya
Mar 25 Sami Zaptia

MSC announces price increases in shipping from Far East to Libya

‎One of the leading sea shipping companies in the world, with several regular services to Libya, the Mediterranean Shipping Company (MSC), announced e...

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POS bank card use commissions reduced to less than 1 percent: CBL Governor
Mar 9 Sami Zaptia

POS bank card use commissions reduced to less than 1 percent: CBL Governor

The Central Bank of Libya (CBL) reported today that its Governor, Naji Issa, issued instructions to reduce commissions imposed on bank card uses at po...

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Sebha smugglers charged, their shops closed, goods and HGVs seized
Feb 22 Sami Zaptia

Sebha smugglers charged, their shops closed, goods and HGVs seized

The Attorney General's Office reported yesterday that the Sebha Court of Appeal Public Prosecutor, along with members of the Joint Security Committee...

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CBL approves applications for 64 Foreign Exchange Bureaux
Feb 3 Sami Zaptia

CBL approves applications for 64 Foreign Exchange Bureaux

‎The Central Bank of Libya (CBL) announced today that it has approved 64 applications for the opening of Foreign Exchange Bureaux.‎These will be the f...

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Libya’s total 2024 revenues were LD 123.5 billion, spending was LD 123.2 billion – leaving a surplus of about LD 300 million
Jan 13 Sami Zaptia

Libya’s total 2024 revenues were LD 123.5 billion, spending was LD 123.2 billion – leaving a surplus of about LD 300 million

‎In its statement of revenues and expenditures for 2024,‎ the Central Bank of Libya ‎revealed today that:  Total revenues in 2024 amounted t...

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Aldabaiba hails Libya’s oil production reaching 1.363 million barrels per day – the highest since 2012
Oct 31 Sami Zaptia

Aldabaiba hails Libya’s oil production reaching 1.363 million barrels per day – the highest since 2012

Libya’s Tripoli based Libyan prime minister, Abdel Hamid Aldabaiba, today celebrated Libya's oil production reaching 1.363 million barrels per day tod...

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HoR Speaker Saleh passes ‘‘decree’’ approving CBL Governor’s 27 percent tax on official FX transactions – decree rejected as unilateral without parliament’s approval
Mar 16 Sami Zaptia

HoR Speaker Saleh passes ‘‘decree’’ approving CBL Governor’s 27 percent tax on official FX transactions – decree rejected as unilateral without parliament’s approval

Ageela Saleh, the Speaker of Libya’s parliament, the House of Representatives (HoR), has approved a request from the Saddek El-Kaber, the Governor of...

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NOC says all operations across all offshore and onshore locations are operating as normal
Feb 26 Sami Zaptia

NOC says all operations across all offshore and onshore locations are operating as normal

Libya’s state National Oil Corporation (NOC) confirmed in a very short statement today  that its ‘‘operations are proceeding as usual across all offsh...

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