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
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...

Read Article
CBL and Economy Ministry coordinate to regulate imports and foreign exchange market
Sep 11 Sami Zaptia

CBL and Economy Ministry coordinate to regulate imports and foreign exchange market

As part of efforts to enhance coordination and integration between macroeconomic policies in Libya, the Governor of the Central Bank of Libya (CBL), N...

Read Article
Ban on import of medical products after expiration of one-third of their validity period
May 10 Sami Zaptia

Ban on import of medical products after expiration of one-third of their validity period

The Minister of Economy and Trade issued a resolution (No. 200 of 2023) on Monday banning the import of medicines and medical products in all their fo...

Read Article
Electronic Tracking system for imported goods goes into operation
Feb 3 Sami Zaptia

Electronic Tracking system for imported goods goes into operation

By Sami Zaptia.London, 3 February 2021: Libya’s Customs Authority has directed its various departments to start implementing the Electronic Cargo Trac...

Read Article
Jan 4 Sami Zaptia

CBL issues new regulations for opening business documentary credits with unified exchange rate, and for personal use

By Sami Zaptia.London, 4 January 2021: The Tripoli Central Bank of Libya (CBL) approved on Thursday (31 December) new controls to regulate procedures...

Read Article
Nov 25 Sami Zaptia

Tripoli Libyan government reverses decision on imports needing LCs

By Sami Zaptia.Goods arriving in Libyan ports will not need to have been paid for by official LCs (Photo by Benghazi port from archives of Benghazi po...

Read Article
Apr 20 Sami Zaptia

Tripoli CBL climbs down, issues belated decision to resume opening of LCs

By Sami Zaptia.(Logo: Tripoli CBL).London, 20 April 2020:The Tripoli Central Bank of Libya (CBL) issued instructions today to local banks to resume th...

Read Article
May 17 Sami Zaptia

CBL blames Ramadan food shortages and price rises on Audit Bureau intervention

By Sami Zaptia.(Logo: Tripoli CBL).London, 17 May 2018:In its ongoing tit-for-tat political power struggle with the Presidency Council (PC) and the Au...

Read Article
Apr 26 Sami Zaptia

PC issues decree to import essential foodstuffs worth US$ 450 million

By Sami Zaptia.London, 26 April 2018: The Faiez Serraj-led Presidency Council passed a decree (No. 505) yesterday authorizing the import of essential...

Read Article