Tag Archives | Central Bank of Libya (CBL)

UNSMIL reviews Libya's Economic Reform Roadmap

UNSMIL convenes third meeting of the Libyan economic dialogue to review the economic reform roadmap The United Nations Support Mission in Libya (UNSMIL) convened virtually the third meeting of the Libyan Economic Dialogue. The meeting, held yesterday, was chaired by Acting SRSG Stephanie Williams and brought together 29 Libyan economic experts along with representatives from […]

Central Banks of Turkey and Libya sign MoU

A Memorandum of Understanding was signed between the Central Bank of the Republic of Turkey and the Central Bank of Libya (CBL) on 31 August 2020, laying the groundwork for continued cooperation in the field of central banking. In the framework of the MoU, the two central banks aspire to carry out activities to foster […]

International Review of Central Bank's Two Branches

The United Nations is Pleased to Announce the Launch of the International Financial Review of the two Branches of the Central Bank of Libya Acting Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL) Stephanie Williams is pleased to announce the finalization of the process to initiate an […]

Malta Seizes $1.1bn Counterfeit Libyan Currency

The United States commends the Government of the Republic of Malta's announcement May 26 of its seizure of $1.1 billion of counterfeit Libyan currency printed by Joint Stock Company Goznak-a Russian state-owned company-and ordered by an illegitimate parallel entity. The Central Bank of Libya (CBL) headquartered in Tripoli is Libya's only legitimate central bank. The […]

Advancing Libyan/British Business

“The biggest and best Libyan-British trade/investment gathering in 10 years.” - Sir Vincent Fean, Chairman, Libyan British Business Council (LBBC) “Libya will raise its oil production from 1.25 million barrels a day now to 2.1 mbd by 2024.” - Engineer Mustafa Sanalla, Chairman, National Oil Corporation of Libya Over 150 Libyan state-owned and private businesses […]

More Russian-Printed Dinars enter Circulation

By John Lee. A parallel central bank in eastern Libya reportedly stepped up deliveries of new banknotes from Russia earlier this year, around the time that Khalifa Haftar launched his military offensive to capture Tripoli. Russian customs data obtained by Reuters shows nearly 4.5 billion Libyan dinars ($3.2 billion) despatched between February and June, apparently […]

Consultations on Unified and Transparent Libyan Institutions

Consultations on Unified and Transparent Libyan Energy and Economic Institutions U.S. and Libyan officials met in Washington to discuss specific measures to increase transparency and accountability of economic and energy institutions, support unified governance of sovereign institutions, and ensure stable financing for Libya’s energy sector. Participants reaffirmed the need for all sovereign institutions, including the […]

An Update on US Involvement in Libya

Ambassador Richard Norland’s First 60 Days – An Update on U.S. Involvement in International Efforts Aimed at Peace in Libya In recent months, the United States has redoubled efforts to end the fighting and support UN initiatives led by UN SRSG Ghassan Salamé to achieve a negotiated political solution to the crisis in Libya. In […]