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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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Foreign Exchange Reserves

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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’s role in granting LCs is limited - does not include assessing Libya’s economic needs
Jan 26 Sami Zaptia

CBL’s role in granting LCs is limited - does not include assessing Libya’s economic needs

The Central Bank of Libya (CBL) issued a clarification statement yesterday regarding documentary credit procedures, emphasizing that its role and that...

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Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
Jan 18 Sami Zaptia

Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports

Tripoli based Libyan Minister of Economy Mohammed Al-Hwej, in an exclusive live interview yesterday with the Istanbul-based Libyan satellite TV statio...

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Central Bank of Libya’s reserves increased by US$ 3 billion in 2024: Audit Bureau 2024 report
Jan 1 Sami Zaptia

Central Bank of Libya’s reserves increased by US$ 3 billion in 2024: Audit Bureau 2024 report

According to the Audit Bureau’s Annual Report for 2024 published yesterday, the Central Bank of Libya’s reserves reached 409 billion dinars, equivalen...

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Libya had an LD 12.8 billion budget surplus but a foreign exchange deficit of US$ 5.9 billion for January to August 2025: CBL‎
Sep 10 Sami Zaptia

Libya had an LD 12.8 billion budget surplus but a foreign exchange deficit of US$ 5.9 billion for January to August 2025: CBL‎

‎According to the Central Bank of Libya’s latest financial statistics bulletin published yesterday for Libya’s state revenues and expenditure during t...

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A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎
Jul 2 Sami Zaptia

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

‎The Governor of the Central Bank of Libya meets the Chairman of the Board of Directors of the National Oil Corporation to discuss mechanisms to suppo...

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CBL meets JP Morgan Chase in DC – discussions include diversifying investment instruments to maintain and develop foreign exchange reserves
Apr 24 Sami Zaptia

CBL meets JP Morgan Chase in DC – discussions include diversifying investment instruments to maintain and develop foreign exchange reserves

The Governor of the Central Bank of Libya (CBL), Naji Issa, and his accompanying delegation, met at J.P.M. Morgan's Washington, DC headquarters last T...

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CBL expresses distress over March’s low oil revenues - threatening fiscal sustainability
Mar 19 Sami Zaptia

CBL expresses distress over March’s low oil revenues - threatening fiscal sustainability

‎The Central Bank of Libya (CBL) expressed distress over March’s low oil revenues, threatening Libya’s fiscal sustainability. The alert came after it...

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CBL latest data reveals US$ 9.9 billion deficit in foreign currency public spending in 2023
Jan 7 Sami Zaptia

CBL latest data reveals US$ 9.9 billion deficit in foreign currency public spending in 2023

In its latest data for the whole of 2023 on revenues and spending released today, the Central Bank of Libya (CBL) revealed a continued increase in pub...

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Libya's reserves averaged US$ 84 billion end of 2022: Arab Monetary Fund report
Feb 11 Sami Zaptia

Libya's reserves averaged US$ 84 billion end of 2022: Arab Monetary Fund report

The “Competitiveness of Arab Economies” report for the year 2022 revealed that the average official foreign exchange reserves in Libya are sufficient...

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