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Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115
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Currency Depreciation

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Dollar breaks LD 9 mark on black-market for first time since December 2017
Jan 13 Sami Zaptia

Dollar breaks LD 9 mark on black-market for first time since December 2017

The US dollar broke the LD 9 mark on the black-market foreign exchange yesterday for the first time since December 2017. This has happened despite th...

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HoR summons Governor of Central Bank of Libya, his Deputy, and its Board of Directors to discuss liquidity crisis and the state's financial affairs
Dec 31 Sami Zaptia

HoR summons Governor of Central Bank of Libya, his Deputy, and its Board of Directors to discuss liquidity crisis and the state's financial affairs

With the dollar exchange rate hitting LD 8.81 on the black-market in Tripoli today, Libya’s Parliament, the House of Representatives (HoR), voted by a...

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PM Aldabaiba meets CBL Governor Issa to follow up on financial situation and efforts to ensure provision of cash and improve level of banking services
Dec 18 Sami Zaptia

PM Aldabaiba meets CBL Governor Issa to follow up on financial situation and efforts to ensure provision of cash and improve level of banking services

With the background of global prices of a barrel of oil (Brent Crude) falling to US$ 55, negatively affecting the Libyan state’s main revenue, the Lib...

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Libya's economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring - Husni Bey
Jun 15 Sami Zaptia

Libya's economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring - Husni Bey

Leading Libyan businessman Husni Bey told Libya Herald that the economic reality in Libya is limited resources, liquidity challenges, inflation, and t...

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Libya needs to redesign the existing historical government spending model of government funds - of government companies and funds doing it all: Husni Bey
May 1 Sami Zaptia

Libya needs to redesign the existing historical government spending model of government funds - of government companies and funds doing it all: Husni Bey

‎"Libya needs to redesign the historical model of spending government funds in the country from the existing model of government companies and funds d...

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Aldabaiba calls on CBL to ensure full transparency in financial statements related to foreign exchange
Mar 13 Sami Zaptia

Aldabaiba calls on CBL to ensure full transparency in financial statements related to foreign exchange

‎In a widely leaked official letter to the Governor of the Central Bank of Libya (CBL), Naji Issa, the Tripoli based Libyan Prime Minister, Abel Hamid...

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Dinar crashes as oilfields are closed by Petroleum Facilities Guards seeking improved pay
Feb 25 Sami Zaptia

Dinar crashes as oilfields are closed by Petroleum Facilities Guards seeking improved pay

The Libya dinar crashed further in value in the black-market against the major hard currencies as the security forces charged with guarding all of Lib...

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Audit Bureau accuses CBL of damaging Libyan economy: Audit Bureau 2017 Annual Report
May 28 Sami Zaptia

Audit Bureau accuses CBL of damaging Libyan economy: Audit Bureau 2017 Annual Report

By Sami Zaptia.London, 28 May 2018:The Libyan Audit Bureau said that despite increased oil production and increased oil revenues into the Libyan state...

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Dec 29 Sami Zaptia

Libyan dinar continues to lose value and prices continue to rise: Report

By Sami Zaptia.A report by REACH says that food prices in Libya have continued to rise since June this year(Archive Photo: REACH.)London, 29 December...

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Nov 5 Sami Zaptia

Libyan dinar plunges further in value, breaking LD 9 to the dollar mark

By Sami Zaptia.(Photo: Sami Zaptia).Lugano, 5 November 2017:The Libyan dinar lost further value on the black market today, breaking the LD 9 to the US...

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