Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025
Feb 3 Michel Cousins

Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025

The Tripoli based Ministry of Economy and Trade announced yesterday that it had requested that the Central Bank of Libya (CBL) suspend 85 import compa...

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Minister of Economy Hwej approves series of regulatory measures during meeting with Ministry's affiliated entities‎
Jan 30 Sami Zaptia

Minister of Economy Hwej approves series of regulatory measures during meeting with Ministry's affiliated entities‎

‎Tripoli based Minister of Economy and Trade, Mohamed Al-Hwej, held an extensive meeting last Thursday (29 January) with the Undersecretaries of the M...

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CBL holds meeting with new FX Bureaux to organise their imminent operation – confirmed actual activation and testing of their systems would begin this month
Jan 3 Sami Zaptia

CBL holds meeting with new FX Bureaux to organise their imminent operation – confirmed actual activation and testing of their systems would begin this month

The Central Bank of Libya (CBL) held an expanded meeting with recently approved foreign exchange bureaux and companies last Thursday (1 January), to o...

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CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa
Aug 4 Sami Zaptia

CBL to bring FX rate of dinar to less than LD 7 per US$: CBL Governor Issa

The Central Bank of Libya (CBL) will use all its capabilities to bring the foreign exchange (FX) rate of the Libyan dinar (LD) to below LD 7 per US$....

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CBL grants licenses to 52 new FX bureaux – bringing total to 187
Jul 29 Sami Zaptia

CBL grants licenses to 52 new FX bureaux – bringing total to 187

‎In accordance with the Central Bank of Libya's plan to activate the role of Foreign Exchange Bureaux and FX companies, and in follow-up to the previo...

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CBL agrees to support the LD black-market exchange rate
Oct 20 Sami Zaptia

CBL agrees to support the LD black-market exchange rate

The Central Bank of Libya (CBL) announced Wednesday that it had agreed, during the second meeting to complete its unification procedures, to support b...

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Jul 12 Nigel Ash

IMF predicts strong growth but big challenges

Tripoli, 12 July:The Libyan economy will growing strongly this year and next much major structural challenges remain ahead, warned the International M...

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