Economy Ministry prohibits commodity pricing based on the black-market exchange rate
Feb 6 Sami Zaptia

Economy Ministry prohibits commodity pricing based on the black-market exchange rate

The Tripoli based Libyan Minister of Economy and Trade issued Decision No. (51) of 2026 regarding commodity pricing. The decree prohibits the pricing...

Read Article
CBL meets protesting small importers – makes banking concessions to facilitate easier import of goods
Oct 29 Sami Zaptia

CBL meets protesting small importers – makes banking concessions to facilitate easier import of goods

Central Bank of Libya (CBL) Governor, Naji Issa, relented to the accumulating pressure from small importers by meeting them yesterday after they had h...

Read Article
Granting licenses to official foreign exchange bureaux is a step toward eliminating FX black-market: Aldabaiba
Aug 5 Sami Zaptia

Granting licenses to official foreign exchange bureaux is a step toward eliminating FX black-market: Aldabaiba

The granting of licenses to official foreign exchange (FX) bureaux is a good step toward ensuring the existence of legal and safe channels for foreign...

Read Article
CBL sets 7 percent profit margin for official FX Bureaux
Apr 21 Sami Zaptia

CBL sets 7 percent profit margin for official FX Bureaux

The Central Bank of Libya (CBL) has issued a circular permitting licensed foreign exchange (FX) bureaux to sell foreign exchange at a profit margin of...

Read Article
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...

Read Article
CBL reduces annual hard currency transfer limit for individuals
Feb 10 Sami Zaptia

CBL reduces annual hard currency transfer limit for individuals

By Sami Zaptia.London, 10 February 2016:The Central Bank of Libya (CBL) announced today that it is reducing the annual hard currency transfer limit fo...

Read Article
Jul 1 Callum Paton

Central Bank of Libya announces restrictions for travellers carrying cash over borders

By Naam Alkhosi. Tripoli, 1 July 2014: The Central Bank of Libya (CBL) has announced that individuals travelling in and out of the country must now...

Read Article
CBL issues first ever currency exchange licences
Jul 29 Sami Zaptia

CBL issues first ever currency exchange licences

By Sami Zaptia.Tripoli, 29 July 2013:The Central Bank of Libya (CBL) issued the first licences for foreign exchange bureau last Sunday 21st July.Forei...

Read Article