Latest
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
Tag Archive

currency devaluation

1 / 5

Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing
Apr 1 Sami Zaptia

Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing

After days of steady gains by the Libyan dinar on the black-market foreign exchange from a high two weeks ago of around LD 10.50 per dollar to a low o...

Read Article
As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis
Feb 24 Sami Zaptia

As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis

With the black-market foreign exchange rate plunging the Libyan dinar to over the LD 10.50 to the US dollar yesterday, Tripoli based Libyan Prime Mini...

Read Article
Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget
Feb 24 Sami Zaptia

Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget

As the black-market exchange rate of the Libyan dinar plunged to unprecedented rates over the LD 10.50 to the dollar yesterday, and the leadership of...

Read Article
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...

Read Article
As the Libyan diner plunges in value above the LD 8 per US$ - CBL reveals causes and planned countermeasures
Jul 23 Sami Zaptia

As the Libyan diner plunges in value above the LD 8 per US$ - CBL reveals causes and planned countermeasures

‎As the Libyan dinar plunges beyond the LD 8 per US$ mark, causing much alarm in Libya, an undisclosed ‘‘official source’’ at the Central Bank of Liby...

Read Article
UNSMIL urges Libyan parties to set aside blame and agree on urgent measures to stabilise Libya’s economy
Apr 10 Sami Zaptia

UNSMIL urges Libyan parties to set aside blame and agree on urgent measures to stabilise Libya’s economy

UNSMIL urged in a statement released yesterday all Libyan parties to set aside the blame game and agree on urgent measures to stabilise Libya’s econom...

Read Article
Tripoli government blames eastern government for Libya’s economic woes – eastern government refutes the accusation
Apr 7 Sami Zaptia

Tripoli government blames eastern government for Libya’s economic woes – eastern government refutes the accusation

The Tripoli based Libyan government issued a statement yesterday blaming the eastern based ‘‘parallel’’ Libyan government’s unaccountable spending for...

Read Article
CBL Governor Issa justifies Libyan dinar devaluation - blames both governments for uncontrolled spending and absence of effective, targeted macroeconomic policies
Apr 7 Sami Zaptia

CBL Governor Issa justifies Libyan dinar devaluation - blames both governments for uncontrolled spending and absence of effective, targeted macroeconomic policies

The Governor of the Central Bank of Libya (CBL), Nji Issa, issued a statement yesterday hours before announcing a 13.3 percent devaluation of the Liby...

Read Article
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...

Read Article
Grand Mufti of Libya laments demise of exchange rate of Libyan dinar – and lack of resignations by officials as a result
Feb 2 Sami Zaptia

Grand Mufti of Libya laments demise of exchange rate of Libyan dinar – and lack of resignations by officials as a result

In video excerpts published by the Dar Al-Ifta, Libya’s Religious Council, its head, the Grand Mufti of Libya, Sadeg Al-Ghiriani, was very critical of...

Read Article