Libya’s Central Bank: Irregular Migration Costs Economy $7 Billion a Year
On Sunday, the Central Bank of Libya (CBL) issued a warning over the financial burden posed by irregular migration and ...
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Tag: Central Bank
Libya’s Central Bank Launches New 5 Dinar Currency Note
The Central Bank of Libya has announced the release of a newly issued five-dinar banknote, which will officially enter circulation ...
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Libya’s Central Bank Reveals NOC Budget Reduced to 6.6 Billion Dinars
On Monday, the Central Bank of Libya (CBL) announced a substantial reduction in the National Oil Corporation’s (NOC) expenditures for ...
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Oil Production Surges in Libya in 2024
Libya’s economy experienced dramatic fluctuations in 2024, with political conflicts and institutional crises heavily influencing the nation’s economic trajectory. Oil ...
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Floods Devastate Western Libya: When Will the Government Act?
Libya is reeling from yet another flood disaster, as torrential rains engulfed western cities such as Tarhuna and Gharyan, leaving ...
Read moreLibya’s Central Bank Announces 86.3 Billion Dinar Revenue in 2024
On Sunday, Libya’s Central Bank announced that the country’s total public revenue from January 1 to November 30, 2024, reached ...
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China Tops Libya’s Exporters in 2024
Recent data from the Central Bank of Libya reveals that China ranked as Libya's top exporter, while Italy emerged as ...
Read moreWhat’s Driving Libya’s Inflation Increase in 2024?
Libya's inflation rate rose to 2.7% in the third quarter (Q3) of 2024, compared to 2.0% in the previous quarter, ...
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Libya Cuts Foreign Exchange Tax to 15%
The Libyan Parliament has referred its decision to reduce the foreign exchange sales tax to 15% for all purposes to ...
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Libya’s Central Bank Unveils Plan to Boost Digital Payments
On Thursday, the Central Bank of Libya (CBL) launched a new strategy to strengthen and expand digital payment systems nationwide. ...
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