Tag Archives | Central Bank of Libya (CBL)

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 […]

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 […]