Tag Archives | Central Bank of Libya (CBL)

NOC to Withhold Oil Revenue from Central Bank

By John Lee. Libya's National Oil Corporation (NOC) has said that oil revenues will not be transferred to the Central Bank of Libya (CBL) "until the Bank has a clear transparency in front of the Libyan people regarding the mechanism of spending the oil  revenues during the last years." The move follows a public disagreement […]

Libyan Central Bank warns of Financial Collapse

By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. Libyan Central Bank warns of financial collapse if oil production not restored The near halt of Libya's oil production and exportation amid the civil war could cause the country's economic collapse, the head […]

Police Arrest Ex-CEO of Libyan Foreign Bank

By John Lee. Police in Tripoli have reportedly arrested the former CEO of Libyan Foreign Bank (LFB). An official at the Interior Ministry told Bloomberg that Mohamed bin Youssef was taken into custody on the orders of the state prosecutor, who's investigating him for allegedly "squandering funds and mismanaging the bank's assets". The bank, which […]

UNSMIL reviews Libya's Economic Reform Roadmap

UNSMIL convenes third meeting of the Libyan economic dialogue to review the economic reform roadmap The United Nations Support Mission in Libya (UNSMIL) convened virtually the third meeting of the Libyan Economic Dialogue. The meeting, held yesterday, was chaired by Acting SRSG Stephanie Williams and brought together 29 Libyan economic experts along with representatives from […]

Central Banks of Turkey and Libya sign MoU

A Memorandum of Understanding was signed between the Central Bank of the Republic of Turkey and the Central Bank of Libya (CBL) on 31 August 2020, laying the groundwork for continued cooperation in the field of central banking. In the framework of the MoU, the two central banks aspire to carry out activities to foster […]

International Review of Central Bank's Two Branches

The United Nations is Pleased to Announce the Launch of the International Financial Review of the two Branches of the Central Bank of Libya Acting Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL) Stephanie Williams is pleased to announce the finalization of the process to initiate an […]