Local News: Economic News
The Central Bank reveals the presence of two counterfeit copies of the (50) dinar bill.
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Tripoli, April 21, 2024 (LANA) - The Central Bank of Libya confirmed, in a visual clarification today, Sunday, what it had previously announced about the presence of a counterfeit 50-denomination currency circulating in the Libyan market. The bank revealed in the video that there are four copies of the 50-denomination denomination currently circulating in the market, two of which are forged, showing the difference between the forged and the true copies.The bank explained the precise... Read more
Minister of Finance and his Congolese counterpart agree on an appropriate mechanism to pay the remaining installments of the debts owed to the State of Libya.
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Tripoli, April 20, 2024 (LANA) - The Minister of Finance of the Government of National Unity, Khaled Al-Mabrok, agreed with the Minister of Finance of the Republic of Congo-Brazzaville to adopt an appropriate mechanism to pay the remaining installments of debts for the benefit of the State of Libya.This came during the meeting that took place between them on the sidelines of the 2024 Spring Meetings of the Bank Group and the International Monetary Fund in Washington, DC, according... Read more
Harvesting operations began in irrigation circles in the large farms of the manmade river Water project.
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Sirte, April 19, 2024 (LANA) - Harvesting operations began today, Friday, in the pivot irrigation circles in the large farms project, at the Manmade River Water Investment Authority, in the central Sirt region.Head of management committee of the authority, Shuaib bin Sharada, explained to LANA correspondent in Sirt, that the start of the harvesting operations for this year was attended by members of the management committee, and the director of the office of;... Read more
OPEC: Libya is the first largest oil producer in Africa.
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Tripoli, April 13, 2024 (LANA) - The Organization of the Petroleum Exporting Countries (OPEC) announced, that Libya occupied first place as the largest oil producer in Africa, with a production of 1.24 million barrels of oil per day.A report issued by the organization explained that with this daily production, Libya has surpassed Nigeria, which was in first place, due to Libya’s efforts to increase production to two million barrels per day by the year 2030 and 2.3 million barrels per day... Read more
Jomhoriya Bank announces the suspension of its electronic services.
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Tripoli, April 11, 2024 (LANA) - Jomhoriya Bank announced the suspension of its electronic services, with the aim of modernizing the banking system.The bank's media office stated that the suspension took place yesterday, Tuesday, and includes point-of-sale, ATM, and mobile phone services. The bank explained that the modernization process aims to improve the efficiency of electronic services and provide a better experience for customers, stressing that... Read more
