First Independent Mena Newspaper
The Central Bank of Libya (CBL) has announced an extension for the circulation and acceptance of the first and second editions of its 50-dinar banknotes, providing relief to both Libyan citizens and financial institutions amid ongoing economic challenges. This move aims to mitigate concerns over the potential disruption caused by the withdrawal of the banknotes. […]
On Monday September 2, the National Oil Corporation (NOC) declared force majeure on the El Feel oil field in southwestern Libya, citing circumstances beyond its control as the reason for this measure. According to the NOC’s statement, the declaration was necessitated by current issues affecting crude oil production in Mellitah, which have hindered its ability […]
The Board of Directors of the Central Bank of Libya, appointed by the Presidential Council, announced on Monday (August 26) evening that it has fully assumed its management duties. The announcement was made through a statement on the bank’s Facebook page. In the statement, the board affirmed its dedication to ensuring a smooth transition and […]
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 […]
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 […]