Libyan dinar will be down to LD 7.90 before mid-April: CBL briefing
In its continued efforts to drive down the black-market exchange rate of the Libyan dinar against major currencies, led by the US dollar, the CBL has...
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Aldabaiba and Takala discuss Unified Development Programme
During a meeting last Wednesday (1 April) at his Tripoli Cabinet Office, Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba, discussed with th...
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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...
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CBL signs contract to print LD 30 billion of new LD-20 denominations – more denominations, including LD 50, to be printed this year
An anonymous ‘‘Central Bank of Libya (CBL) official’’ briefed local Arabic-language media yesterday that the CBL had signed a new contract the previou...
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US stresses importance of fully implementing its brokered Unified Development Programme agreement and establishing a unified budget
The US stressed the importance of the two Libyan western and eastern authorities implementing the unified development spending programme agreement, it...
Read Article CBL leaks to local media: New currency arriving - Intention to pump US$ 2.5 in market on 1 April
The Central Bank of Libya (CBL) has been engaged in a media briefing campaign in an attempt to frighten black-market foreign currency traders into low...
Read Article CBL to abolish tax on foreign exchange sales and tax on foreign exchange personal allowance to a rate of 6.37 dinars to the dollar
The Central Bank of Libya (CBL) briefed Libyan media yesterday of its intention to implement the decision of the Speaker of the House of Representativ...
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Tripoli Chamber of Commerce meeting makes five demands to decision-makers to alleviate economic crisis – threatens peaceful demonstrations and sit-ins
An expanded meeting was held yesterday at the Tripoli Chamber of Commerce’s Tripoli headquarters to discuss the repercussions of monetary policies and...
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HSC’s proposals to reform Libya’s economy include abolishing proposed taxes, suspending development spending, prioritising imports, monitoring LCs
In a session held yesterday, the High State Council (HSC) proposed the following measures to address Libya’s economic crisis: - The Central Bank of L...
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
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...
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