Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises
6 days ago Sami Zaptia

Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises

The Central Bank of Libya (CBL) was forced to apologise yesterday on behalf of Libya’s commercial banks after the sudden disruption to electronic...

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FX black-market has existed for years and decades, and eliminating it in a short period is impossible: CBL Governor Issa
May 20 Sami Zaptia

FX black-market has existed for years and decades, and eliminating it in a short period is impossible: CBL Governor Issa

Speaking during a press conference after his meeting with the Central Bank of Libya (CBL) Governor Naji Issa last Monday (18 May), Interior Minis...

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CBL to inject US$ 3 billion in May and another US$ 3.5 billion in June to meet accumulated demand and stabilise currency and commodity markets
May 20 Sami Zaptia

CBL to inject US$ 3 billion in May and another US$ 3.5 billion in June to meet accumulated demand and stabilise currency and commodity markets

A Central Bank of Libya source informed Arabic-language Libyan media yesterday that by the end of this week, the total amount of dollars injected...

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CBL renews call on Economy Ministry to prohibit imports without payment through official bank transfers starting from 15 June
May 19 Sami Zaptia

CBL renews call on Economy Ministry to prohibit imports without payment through official bank transfers starting from 15 June

The Governor of the Central Bank of Libya (CBL), Naji Issa, addressed the Minister of Economy and Trade, Suhail Abu Shiha, in a letter dated 18 M...

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CBL Governor & Interior Minister discuss action plan to curb FX black-market, reduce smuggling across borders and imports outside banking system
May 18 Sami Zaptia

CBL Governor & Interior Minister discuss action plan to curb FX black-market, reduce smuggling across borders and imports outside banking system

Naji Issa, Governor of the Central Bank of Libya (CBL), and Major General Emad Al-Trabulsi, Minister of Interior, discussed a joint action plan a...

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Central Bank of Libya source to Libya Herald: Direct transfers will effectively end the black market's monopoly on foreign currency
May 17 Sami Zaptia

Central Bank of Libya source to Libya Herald: Direct transfers will effectively end the black market's monopoly on foreign currency

A well-placed source at the Central Bank of Libya (CBL) confirmed to Libya Herald that the bank officially launched its direct foreign currency t...

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Numisma Bank pledges to supply record amounts of cash dollars to the Central Bank of Libya in its Second Phase of cash injection to the Libyan market
May 17 Sami Zaptia

Numisma Bank pledges to supply record amounts of cash dollars to the Central Bank of Libya in its Second Phase of cash injection to the Libyan market

The Central Bank of Libya (CBL) reported today that Numisma Bank pledged to supply record amounts of cash dollars to it in its Second Phase of ca...

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CBL renews call for closure of unofficial FX sales outlets – as dinar begins to slide again
May 12 Sami Zaptia

CBL renews call for closure of unofficial FX sales outlets – as dinar begins to slide again

In a letter leaked to Libyan media outlets yesterday, the Governor of the Central Bank of Libya (CBL), Naji Issa, addressed the Minister of the I...

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CBL source to Libya Herald: CBL moving towards ending cash collection of taxes and customs duties – moving solely to e-collections
May 10 Sami Zaptia

CBL source to Libya Herald: CBL moving towards ending cash collection of taxes and customs duties – moving solely to e-collections

A senior source within the Central Bank of Libya (CBL) revealed to Libya Herald yesterday that the decision to mandate commercial banks and the f...

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CBL to inject US$ 300 million into card system, authorises transfer for small traders of up to US$ 100,000 quarterly
May 5 Sami Zaptia

CBL to inject US$ 300 million into card system, authorises transfer for small traders of up to US$ 100,000 quarterly

The Central Bank of Libya (CBL) briefed local Libyan Arabic-language media outlets today that it has concluded a meeting with major local banks t...

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