The Central Bank of Libya’s recent decision to devalue the dinar by 13.3% and tighten access to foreign currency is being presented as a step toward financial stability.
Sixty-nine members of Libya’s House of Representatives have called on the parliamentary leadership to hold an emergency session on Tuesday and Wednesday regarding the Cen
The Presidential Council said that dual spending (expenditures by two governments) has created an unprecedented financial and economic situation that is difficult to mana
A statement by the High Council of State, issued by Mohamed Takala, expressed deep concern and strong condemnation of the deteriorating economic and financial situation i
Khalid Al-Mishri, who is in dispute over the presidency of the High Council of State, has strongly criticised the Central Bank of Libya’s decision to devalue the national
The Government of National Unity (GNU) has commented on the Central Bank of Libya’s report regarding the scale of spending by the parallel government, highlighting that t
The Central Bank of Libya (CBL) announced a 13.3% devaluation of the Libyan dinar against foreign currencies, setting the new exchange rate at 5.5677 dinars per US dollar
The Libyan dinar has recorded an unprecedented decline against the US dollar in years, as the dollar has become equivalent to 8 Libyan dinars among social media platforms
Libya’s Central Bank (CBL) Acting Governor, Abdul Fattah Ghaffar, met with Oil and Gas Minister Khalifa Abdul Sadiq and National Oil Corporation (NOC) Acting Chairman Mas
The Head of the High Council of State, Mohammed Takala, renewed the Council’s rejection of the decision to impose a tax on foreign currency exchange transactions, and con
The Administrative Chambers of the Misrata and Benghazi Courts of Appeal announced the acceptance of the appeal submitted against the decision of the Speaker of the House
The Administrative Chamber of the South Tripoli Court of Appeal announced the acceptance of the appeal filed against the Speaker of the House of Representatives’ Decision
A parliamentary committee assigned to study the impact of the foreign exchange fee imposed by the House of Representatives Speaker convened a virtual meeting with Farhat
The Speaker of the House of Representatives (HoR), Aqila Saleh, said that the system in Libya resembles the so-called “Council System or Assembly System,” claiming that t
The Libyan Prime Minister Abdul Hamid Dbeibah criticized the decision to impose a tax on foreign exchange transactions, saying this was an individual and unfortunate deci
The High Council of State (HCS) rejected Saturday the measures for imposing a tax on the selling price of foreign currency, calling on the Speaker of the House of Represe
The Governor of the Central Bank of Libya (CBL), Sadek Elkaber, said in a letter addressed to the Prime Minister of the National Unity Government, Abdul Hamid Dbeibah, th
Airlines operating in Libya intend to raise ticket prices due to the imposition of a tax on the selling price of foreign exchange, according to Khaled Al-Suwaisi, Underse
A number of protesters gathered in front of the Martyrs' Hall in the city of Misrata, on Tuesday, to protest against the economic crisis in the country and to denounce th
The House of Representatives (HoR) discussed the request of the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, to the Speaker, Aqila Saleh, to impose a tax on
The Head of the High Council of State, Mohammed Takala, called on the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, to take quick measures to stop the circul
The Libyan Prime Minister Abdul Hamid Dbeibah has said that the country’s economic situation is very good and does not need any exceptional measures, in reference to the
The Libyan Prime Minister, Abdul Hamid Dbeibah, stressed his rejection of imposing a tax on the foreign currency exchange rate, warning of the negative effects of the tax
The General Oil Union has urged the Libyan Parliament to reconsider the decision made by its President, Aguila Saleh, regarding the imposition of a tax on foreign currenc
The First Deputy Speaker of the House of Representatives (HoR), Fawzi Al-Nuwairi, announced his rejection of the decision to impose a tax on the official exchange rate, d
The Mufti of Libya, Sheikh Al-Sadiq Al-Gharyani, said that the letter sent by the Governor of the Central Bank of Libya (CBL) to the Speaker of the House of Representativ
A group of 30 members of the Tobruk-based House of Representatives (HoR) announced their rejection of the council's president, Aguila Saleh's decision to impose a fee on
Speaker of the House of Representatives (HoR), Aguila Saleh, has issued a decision on Thursday, imposing a fee on the official exchange rate of foreign currencies of 27%
The Speaker of the House of Representatives (HoR), Aqila Saleh, announced that the HoR's Finance Committee approved the proposal of the Central Bank of Libya to impose a
The Governor of the Central Bank of Libya, Al-Sidiq Al-Kabir called on the Speaker of the House of Representatives (HoR), Aqila Saleh, for the necessity of approving a un
The Deputy Governor of the Central Bank of Libya (CBL) Ali Al-Hibri said the Board of Directors decided to adjust the dinar exchange rate as per the law and its authorization, ad
The board of directors of the Central Bank of Libya approved Wednesday the recommendations of the technical committee and endorsed the new exchange rate of the Libyan d
The Governor of the Central Bank of Libya (CBL), Sadiq Al-Kabir, has considered that the request from the Presidential Council (PC) to provide $5000 exchange to each in
Former US envoy to Libya Jonathan Winer has said that the seizure of Russian-printed dinars by the Maltese authorities highlights an opportunity to reform Libya’s civil
Nearly 4.5 billion Libyan dinars of printed currency in Russia was sent to the parallel central bank in al-Bayda city east of Libya, between February and June, Reuters
The black market in Libya saw the Libyan dinar gain some good value against foreign currencies as $1 was sold for less than LYD4 then hours later for LYD4.
The Chairman of the Libyan Commerce and Industry Chamber Mohammed Al-Raied said the economic reforms aim to end the presence of black market, saying he expects the fees
The Libyan dinar has gained more value at the black market reaching 4.75 for one dollar after dropping behind the 5 dinars per one dollar's barrier on Sunday.
The Governor of the parallel Central Bank of Libya in Al-Bayda in east Libya, Ali Al-Habri, has denied the bank's intention to print any new banknotes in Russia.
The Minister of Economy and Industry Ali Al-Issawi confirmed that the participants at the Palermo Conference and in particular the international economic institutions,
The Minister of Finance of the Presidential Council (PC), Osama Hammad, said that increasing the official exchange rate of the Libyan dinar against the dollar will not
One US dollar jumped above 7 Libyan dinars at the black market on Tuesday over turmoil at the oil crescent region and uncertainty for the country's crude exports.
UN Secretary General, Antonio Guterres, said the UN Mission in Libya has received reports of widespread corruption, which opened the door for irresponsible attempts by
Member of House of Representatives for Tarhuna city, Abu Bakr Saied, has revealed that steps to unite the Central Bank of Libya have begun, adding that “the honest men will be th
