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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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Monetary policy

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CBL Governor at Zliten Business Conference: Clearing system was never closed, devaluation would lead to indebtedness
Mar 11 Sami Zaptia

CBL Governor at Zliten Business Conference: Clearing system was never closed, devaluation would lead to indebtedness

Saddek El-Kaber, the Governor of the Tripoli Central Bank of Libya (CBL), said during his speech at the ''First Meeting of Libyan Businessmen and Indu...

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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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Banking forum wants changes to tackle inflation and recession
Nov 8 Michel Cousins

Banking forum wants changes to tackle inflation and recession

Libya needs to make radical and rapid economic reforms if it is to have any chance of pulling itself out of the mire of stagflation, a Libyan banking...

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The CBL Tripoli v CBL Benghazi battle continues: CBL Benghazi adjusts exchange rate to LD 4.25/dollar, CBL Tripoli refuses the devaluation and keeps rate at LD 5.2/dollar
Oct 5 Sami Zaptia

The CBL Tripoli v CBL Benghazi battle continues: CBL Benghazi adjusts exchange rate to LD 4.25/dollar, CBL Tripoli refuses the devaluation and keeps rate at LD 5.2/dollar

The Central Bank of Libya (CBL) in Benghazi, issued on Monday, a decision to amend the exchange rate of the Libyan dinar against the dollar to LD 4.25...

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Central Bank of Libya, west and east, exchange accusations on liquidity
Jun 29 Sami Zaptia

Central Bank of Libya, west and east, exchange accusations on liquidity

The western and eastern Central Bank of Libya (CBL) branches have exchanged accusations on the causes of the liquidity crisis in the east.The eastern...

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USAID conducts workshops with CBL to help in Annual Monetary Plan 2022
Jun 7 Sami Zaptia

USAID conducts workshops with CBL to help in Annual Monetary Plan 2022

The U.S. Embassy Tripoli revealed yesterday that in March this year, USAID conducted several workshops with the Central Bank of Libya to help refine t...

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Government attempts at price fixing are distorting prices and causing price rises: Husni Bey
Mar 20 Sami Zaptia

Government attempts at price fixing are distorting prices and causing price rises: Husni Bey

Commenting exclusively to Libya Herald yesterday on last week’s article on price increases in Libya, leading Libyan businessman, Husni Bey said ‘‘It a...

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Central Bank of Libya’s El-Kaber and Hibri meet – launch bank’s unification process
Dec 6 Sami Zaptia

Central Bank of Libya’s El-Kaber and Hibri meet – launch bank’s unification process

By Sami Zaptia.Tripoli, 6 December 2021:The Central Bank of Libya (CBL) announced today that its Governor, Seddek El-Kaber, and Deputy Governor, Ali H...

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Libyan and Tunisian Central Banks sign MoU to enhance cooperation including in FINTECH
Nov 13 Sami Zaptia

Libyan and Tunisian Central Banks sign MoU to enhance cooperation including in FINTECH

By Sami Zaptia.Tripoli, 13 November 2021:The Governors of the Central Bank of Libya (CBL) (Saddek El-Kaber) and Tunisia (Marouane El Abassi) signed an...

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Nov 6 Sami Zaptia

Central Bank unification is a national demand that everyone should call for: CBL official

By Sami Zaptia.(Photo: Sami Zaptia).Tripoli, 6 November 2021:Musbah Akkari, former chairman of Jumhuriya bank, head of the Central Bank of Libya (CBL)...

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