Local News: Economic News
Central Bank: Public revenues amounted to (136.8696) billion dinars, and expenditures amounted to (136.8) billion in 2025
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Tripoli, January 19, 2026 (LANA) – The Central Bank of Libya issued its monthly statement on state revenue and expenditure today, Monday, covering the period from January 1 to December 31, 2025.The bank stated that total state revenue reached 136.8696 billion dinars, while total public expenditure amounted to 136.8 billion dinars during the past year.The bank explained that oil sales revenue reached 99.6 billion dinars, oil royalties revenue reached 17.2 billion dinars, tax revenue reached.... Read more
Central Bank: Oil revenues amounted to only $482 million as of January 18
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Tripoli, January 18, 2025 (LANA) – The Central Bank of Libya announced that the value of oil revenues deposited into the bank as of Sunday, January 18, reached $482 million.The Central Bank also announced today an adjustment to the exchange rate of the Libyan dinar against the Special Drawing Rights (SDRs), devaluing it by 14.7%. Each Libyan dinar is now equivalent to 0.1150 SDRs, instead of 0.1348.The bank explained that this decision was based on the recommendations of the Monetary Policy... Read more
The Central Bank introduces a new classification for letters of credit to regulate imports and control the market.
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Tripoli, January 18, 2025 (LANA) – The Central Bank of Libya announced the preparation of an updated classification for companies eligible to open letters of credit at the official exchange rate. This initiative is part of ongoing coordination and cooperation with the Ministry of Economy and Trade, and aims to enhance transparency and ensure the availability of essential goods in the local market.In an official letter addressed to the Minister of Economy and Trade, the bank explained that the new classification comprises 12... Read more
Minister of Oil and Gas meets with Turkish Ambassador.
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Tripoli, October 27, 2025 (LANA) – The Minister of Oil and Gas in the Government of National Unity, Khalifa Abdul Sadiq, discussed on Monday with the Turkish Ambassador to Libya, Güven Begiç, aspects of joint cooperation between Libya and the Republic of Turkey in the oil, gas, and energy sectors, and ways to enhance the partnership and expand areas of cooperation between the two countries.The two sides stressed, according to the ministry, the importance of continuing coordination and... Read more
LCB discusses with telecommunications companies the development of electronic payment services.
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Tripoli, October 27, 2025 (LANA) – The Governor of the Central Bank of Libya, Naji Mohammed Issa, discussed today, Monday, with the Chairman of the General Telecommunications Authority, Abdul Basit Al-Baour, and representatives of telecommunications companies the cooperation between the telecommunications and banking sectors. They also discussed the role of partnerships in developing electronic payment services, strengthening the infrastructure for digital transformation in the banking sector, improving the quality of services, and... Read more
