Local News: Economic News
The French Embassy in Libya announces that the volume of its country’s exports to Libya has risen to its highest level since 2015.
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Tripoli, March 4, 2024 (LANA) - The French Embassy in Libya announced that French exports to Libya reached their highest level since 2015 last year.The embassy said on its official Facebook page that French exports to Libya reached their highest level in 2023 since 2015, reaching 301 million euros (325 million US dollars), an increase of 36.4% compared to 2022.The French Embassy considered the increase in exports an indication of the resumption of economic and trade relations between the... Read more
Al-Ghawi discusses with the United Nations mission the issue of the displaced and those affected by the effects of wars.
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Tripoli, March 3, 2024 (LANA) - The Minister of Housing and Construction, Abu Bakr Al-Ghawi, discussed today, Sunday, with representatives of the United Nations, the issue of the displaced and those affected by the effects of wars.During his meeting with representatives of the Commission, Al-Ghawi asked to present their successful experiences in reconstruction in some countries that were exposed to war damage, with the aim of benefiting from the experiences gained and applying them in Libya... Read more
The Central Bank announces the closure of the foreign exchange reservation system for personal purposes until next April.
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Tripoli, March 3, 2024 (LANA) - The Central Bank of Libya announced today the closure of the foreign exchange reservation system for personal purposes until next April.The bank explained that the quota allocated to all commercial banks has been reserved until the end of March, stressing that the date for opening the foreign currency reservation platform for individuals will be Sunday, March 31st.It is noteworthy that the Central Bank had announced in early February the launch of the ... Read more
The government appointed by the representatives: All denominations of the Libyan currency are normally tradable.
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Benghazi, February 27, 2024 (LANA) - The government appointed by the House of Representatives said that the refusal of some shops and commercial centers to accept the Libyan currency in denominations of (50) dinars from citizens is criminalized by law, and affects the national economy. This came in a statement issued yesterday, saying that it was to clarify the matter for everyone regarding the confusion that prevailed among people regarding the circulation of the fifty dinar.... Read more
Takala discusses with the Governor of the Central Bank of Libya the reasons for the rise in the exchange rate in the parallel market and how to address it.
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Tripoli, February 19, 2024 (LANA) - The President of the High Council of State, “Mohamed Takala,” discussed today, Monday, with the Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” the reasons for the rise in the exchange rate in the parallel market and how to address it.The meeting, which was held at the Council’s headquarters in Tripoli, also discussed the state’s general budget for the year 2024, in addition to discussing the reasons for the increase in fuel subsidy and its impact on the Libyan.... Read more
