World News: Political News
ICRC Misrata branch distributes aid to the displaced.
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Misrata, 01.03.2016(Lana) The International Committee of the Red Cross (ICRC) Misrata branch in cooperation with the Libyan Red Crescent Society distributed humanitarian aid to displaced families in Serte. The aid for over 1200 displaced families included blankets, food staff, detergents etc. The ICRC also recently offered aid to the families displaced from Abugrain and Al-Washka. =... Read more
NSG proposes set of measures to fight money hoarding and monetary leakage that harmed national economy.
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Tripoli, 1 March 2016(Lana) The National Salvation Government has proposed a set of measures to fight money hoarding and monetary leakage that harmed the national economy by replacing the 20 and 50 notes with 5 and 10 notes. In a letter to the CBoL dated 29 February 2016, the government asked the bank to replace the old 5 and 10 dinars issued during the former regime and expanded use of the 100 and 50 dirham to combat inflation. According to the government letter, the proposal came due to availability of large quantities of local currency that accedes the need of the... Read more
Engineering brigade of Jebel Nufusa detonates war remains in Aburshida and Abushiba.
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Ghiryan, 01.03.2016(Lana) Engineering brigade of Jebel Nufusa detonated Tuesday war remains in Aburshida and Abushiba in Ghiryan. Commander of Engineering brigade of jebel Nufusa military zone, Col Mahmud al Dhaba told Lana that the blast conducted at two places, one warplane 150 KG bomb in Aburshada, whereas the second of the quantity of war remains estimated at two tons of rocket propelled shells tanks and mortar in Abushiba. =... Read more
CBL Authorizes Payment of public Servants Payment Orders.
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Tripoli, 1 March 2016(Lana) The Central Bank of Libya has issued authority to banks to pay salaries of public servants for the month of January. The Bank said in statement on its website that it has started Monday authorizing payment of January salaries of all public servants in accordance with enforced laws, after the payment orders have been referred by the Ministry of Finance on Sunday. Many public sectors complain of delay of payment of salaries, as banks also complain of lack of liquidity. =... Read more
Government Asks CBL to Endorse Exchange Rate.
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Tripoli, 1 March 2016(Lana) The National Salvation Government has asked the Central Bank of Libya to endorse the exchange rate through which it could ensure monetary stability of the market. The Government demanded in its letter to the CBL that the Ministries of Finance and Economy be engaged in the letter of credit procedures through the custom authority, given that the two ministries are the bodies responsible for executing the country's financial and commercial policies. The NSG has set up an ad hoc committee to follow up the economic crisis in the country since November... Read more