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Central Bank Denies Licensing Foreign Banks

The Central Bank of Libya has denied that it had issued licences to foreign banks to operate independently in Libya, saying that any licences issued to foreign banks  had to be in partnership with a Libyan bank. According to a report from Libya Herald, the CBL also denied rumours that it plans to sell the […]

Libya Receives Funds, Assets Unfrozen by EU

One week after the European Union's decision to unfreeze funds and assets belonging to the Central Bank of Libya and the Libyan Arab Foreign Bank, Libya has received 97 billion dollars. Confirmation that the money is now in the Libyan government's hands was given by the Libyan Central Bank's deputy governor at a press conference […]