Tag Archives | Central Bank of Libya (CBL)

Govt, Central Bank “Fail to Agree 2019 Budget”

By John Lee. The Government of National Accord (GNA) and the Central Bank of Libya (CBL) have reportedly failed to agree a national budget for 2019. A report from Reuters cites sources familiar with the talks as saying that due to a row over spending priorities, the wrangling could go on until March. The disagreement is […]

Budget and Reforms discussed at Tunis Meeting

Saddek Omar Elkaber, Governor of the Central Bank of Libya (CBL), participated in the ninth session of the Libyan Economic Dialogue on 10th of January in the Tunisian capital of Tunis. Results of the Economic Reforms were discussed during the meeting, and the budget arrangements of 2018 and 2019 were reviewed in advance to guarantee […]

Libyan British Business Council mission to Tunis

LBBC Mission to Tunis, 22-24 October 2018 The Libyan British Business Council members’ mission to Tunis later this month offers an opportunity to generate increased Trade and Investment between our two countries. Deputy Prime Minister Ahmed Maiteeg will speak to the opening session of the 23 October Conference, addressing LBBC member companies and our Libyan […]

EU Statement on the Trade in Libyan Oil

The European Union and the rest of the international community, as set out in several UN Security Council Resolutions on Libyan oil, have consistently opposed any attempt to sell or purchase Libyan oil outside the official channels managed by the Libyan National Oil Corporation (NOC). The oil infrastructure, production, and export need to remain under […]

Central Bank Governor meets Tunisian Counterpart

By John Lee. The Governor of the Central Bank of Libya (CBL), Saddek Omar Elkaber, met with Marwan Alabasi, Governor of the Central Bank of Tunisia last week in Tunis to discuss ways of improving cooperation and between the two institutions, specifically in the fields of anti-money-laundering (AML) and terrorism financing. This was the first […]

Franco-Italian group wins Contract for new NOC Buildings

By John Lee. The National Oil Corporation (NOC) and the French-Italian Artelia Group have signed a contract for the management of an ambitious development plan for Benghazi, including local offices for the NOC, further oil companies and governmental departments, as well as a hotel and conference complex. NOC chairman Mustafa Sanalla and Artelia executive director […]

Libya Removed from Terror-Financing Watchlist

By John Lee. The Financial Action Task Force (FATF) has reportedly removed Libya from its list of countries unable to fight money laundering and terrorism financing. Xinhua quotes the Central Bank of Libya (CBL) as saying: “[This] achievement means FATF’s approval to Libya complying with all the requirements and obligations to combat money laundering and […]

HoR swears in new Central Bank Governor

By John Lee. Libya’s eastern-based House of Representatives (HOR) has reportedy sworn in a new governor for its Bayda-based Central Bank of Libya (CBL). Mohamed Shukri was appointed in opposition to the Tripoli-based governor Sadiq al-Kabir, who continues to have the support of the UN-backed Government of National Accord (GNA). Following the ceremony on Monday, […]