Libyan parties agree on a two-month unified National Budget and Work to Address the Banking Crisis This week, two important decisions were taken that will positively affect the economy and create momentum towards unifying the national financial institutions. On 3 February 2021, the Council of Ministers promulgated a two-month interim budget for 2021. This is […]
Tag Archives | Central Bank of Libya (CBL)
Tags: Budget, Central Bank of Libya (CBL), featured, United Nations Support Mission in Libya (UNSMIL)
Detailed Guide to Registering a Company in Libya
By John Lee. Libya's new eRegulations website has published a detailed, step-by-step guide to registering a local company in Libya. The project is part of UNCTAD's business facilitation program. Full details can be found here. (Source: eRegulations)
Tags: Central Bank of Libya (CBL), entrepreneurship, European Union (EU), European Union for Public Sector in Libya (EU4PSL), Expertise France, featured, start-ups, UNCTAD
EWG Meets to address Urgent Economic Issues
On 21 January, the co-chairs of the International Follow-Up Committee on Libya's Economic Working Group (EWG), including Acting Special Representative of the Secretary-General for Libya Stephanie Williams and representatives of Egypt, the United States and the European Union, convened a meeting to discuss urgent economic issues including the need to manage the impacts of a […]
Tags: Central Bank of Libya (CBL), Economic Working Group (EWG), featured, International Monetary Fund (IMF), United Nations Support Mission in Libya (UNSMIL), World Bank
Briefing on ongoing Advisory Committee Talks
UNSMIL Spokesperson press briefing on ongoing Advisory Committee talks and progress in various dialogue tracks Meeting in Geneva of the LPDF's Advisory Committee, facilitated by Stephanie Williams, Acting Special Representative of the Secretary-General for Libya As you know much has been accomplished during the meeting of the Libyan Political Dialogue Forum (LPDF), which took place […]
Tags: Central Bank of Libya (CBL), featured, Libyan Political Dialogue Forum (LPDF), Talks, United Nations (UN)
Follow up on Critical Economic Reforms in Libya
Libyan Economic Dialogue Meets to Follow up on Critical Economic Reforms On 5 January, Acting Special Representative of the Secretary-General (ASRSG) and Head of the United Nations Support Mission in Libya Stephanie Williams, together with the co-chairs of the Economic Working Group (EWG), including the Ambassadors of the Republic of Egypt, the European Union, and […]
Video: Libya approves New Exchange Rate
From Al Jazeera. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. The devaluation of Libya's currency has taken effect, a move that is hoped will help the economy. The Central Bank has agreed to a devalued exchange rate of 4.48 dinars to the US […]
CBL Devalues Libyan Dinar
By John Lee. The Central Bank of Libya (CBL) has devalued the Libyan dinar. At its first meeting for 2020, the bank's board of directors unanimously agreed to a new exchange rate of 4.48 dinars to the US dollar. The new rate will come into effect from 3rd January 2021. The previous official exchange rate […]
Tags: Central Bank of Libya (CBL), currency, devaluation, featured, foreign exchange, forex, Libyan Dinar
Technical Meeting on Critical Reforms of Libyan Economy
Technical meeting on critical reforms of the Libyan Economy kicks off today in Geneva Acting Special Representative of the UN Secretary-General for Libya Stephanie Williams convened on Monday a technical meeting on critical reforms of the Libyan economy. The meeting, co-presided by Egypt, the United States, and the European Union, as co-chairs of the Economic […]