First Independent Mena Newspaper
The Central Bank of Libya, CBL, held Monday for the first time a full board meeting since 2014 after which the bank was split into two. The bank, Libya Observer reports, held a full-quorum meeting for the first time in six years to discuss fixing exchange rates of the Libyan dinar to foreign currencies. The […]
Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]
French, Spanish and British ambassadors visited Tripoli Thursday in a show of support and announced return of their respective missions in the Libyan capital wherefrom they pulled out in 2014 as insecurity engulfed the city. Antoine Sivan, Peter Millet and Antonio Bordallo, respectively French, British and Spanish envoys to Libya arrived in Tripoli to meet […]
Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]
17 countries including UN Security Council, EU, African Union, Arab League Sunday in Rome pledged full support to the UN-proposed Libyan Government of National Accord (GNA) and urged Libya political sides to anoint the National Dialogue Agreement on Wednesday as they indicated themselves last week in Tunis. “We fully recognize and support the Libya Political […]