Tag Archives | Central Bank of Libya (CBL)

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 […]

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 […]