Tag Archives | Central Bank of Libya (CBL)

LBBC to hold Conference in Tunis in November

The Libyan British Business Council (LBBC) has announced that it will be taking a business delegation to Tunis again this year – from Monday 18 to Thursday 21 November, 2019. This follows on from last year’s very successful trade and investment mission, when it took over 60 representatives from 36 member companies to Tunis to […]

Libyan Finances Ahead of Plan for Jan-Aug Period

By John Lee. Libya’s total revenues were 1.1 billion Libyan dinars ($800 million) ahead of budget for the first eight months of the year, according to a statement from the Central Bank of Libya (CBL) on Monday. Oil revenues were 2.6 billion dinars ahead at 20.2 billion dinars, with all other revenue sources being below […]

Tender: Audit Review of Central Bank of Libya

United Nations Re-Opens Bidding on Financial Audit Review of Libya’s Two Branches of the Central Bank of Libya Restoring confidence, promoting transparency, and supporting the reunification of Libya’s financial and economic institutions are crucial to Libya’s stability and the prosperity. Towards this end, UNSMIL remains committed to facilitating a financial audit review of the two […]

Predatory Economies in Eastern Libya

From Global Initiative. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News.  Predatory Economies in Eastern Libya – The dominant role of the Libyan National Army On 4 April 2019, the Libyan National Army (LNA) launched a surprise attack on Tripoli, as the UN-sponsored dialogue […]

24% Increase in Libyan Oil Revenues

By John Lee. The National Oil Corporation (NOC) has announced May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 448 million USD (+24 percent). Revenue figures were bolstered by sustained global oil prices, in […]

Stopping a Dangerous Escalation in Libya

Of Tanks and Banks: Stopping a Dangerous Escalation in Libya An under-reported banking crisis threatens to exacerbate deadly fighting in Tripoli, ignite a protracted resource war and deepen the country’s east-west divide. A way out requires agreeing to a ceasefire in Tripoli and ending the four-year split between the Central Bank’s rival branches. Click here […]

Libya’s Looming Contest for the Central Bank

By Tarek Megerisi, for War on the Rocks. Any opinions expressed here are those of the author and do not necessarily reflect the views of Libya Business News. Earlier this year, the armed coalition led by eastern-Libyan-based commander Khalifa Haftar took most of his country’s southwest, an oil-rich desert expanse three times as large as […]

Libya announces launch of first Polymer Banknote

The Central Bank of Libya (CBL) has launched its 1 Dinar banknote that will be printed on De La Rue’s polymer substrate, Safeguard®. This is the first polymer banknote to be released by the Central Bank of Libya, and one of the first polymer banknotes to be released in the region. The introduction of polymer […]