Local News: Economic News
The government appointed by the representatives: All denominations of the Libyan currency are normally tradable.
Pulbished on:
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.
Pulbished on:
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
Brent: We discussed with Al-Kabir economic stability, transparency, coordination of economic policies, and measures to prevent fraud, mismanagement, and money laundering.
Pulbished on:
Tripoli, February 19, 2024 (LANA) - The Chargé d'Affairs of the US Embassy to Libya, "Jeremy Brent," described his meeting two days ago in Tunisia with the Governor of the Central Bank of Libya, "Al-Siddiq Al-Kabir," as an excellent opportunity to communicate about the next steps in the partnership between the United States government, including through USAID technical support "Brent" said in a tweet published by the US Embassy on its account on X : We discussed the challenges facing economic stability in Libya and the... Read more
ADB expects Libyan economy to grow by 7.9 percent.
Pulbished on:
Tripoli, February 18, 2024 (LANA) - The African Development Bank expects the Libyan economy to register growth in the range of 7.9 percent, indicating that the expected growth rate for the North African region is stable at 3.9 percent in 2024.The bank also expected, in its latest report, that the Algerian economy would grow by 4.2 percent, Tunisia’s by 2.1 percent, Morocco’s by 3.5 percent, and Mauritania’s by 5.2 percent during 2024. These regional data... Read more
CBL participates in the first meeting of 2024 with the United States Agency for International Development.
Pulbished on:
Tunisia, February 17, 2024 (LANA) - The Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” participated, Friday, in the first meeting of the year 2024 with the United States Agency for International Development (USAID) in the Tunisian capital, in the presence of the Deputy Governor, “Marai Al-Barassi,” and “John Cárdenas,” Director of the United States Agency for International Development (USAID).The Central Bank of Libya stated that this meeting comes to find out the latest... Read more
