First Independent Mena Newspaper
The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]
Libya’s Central Bank (CBL) Acting Governor, Abdul Fattah Ghaffar, held a pivotal meeting with Oil and Gas Minister Khalifa Abdul Sadiq and National Oil Corporation (NOC) Acting Chairman Masoud Suleiman. The meeting’s venue was the Central Bank headquarters in Tripoli, medias reported on September 10. The purpose of this high-level discussion was to explore strategies […]
Reports have emerged that the central bank established by the Tobruk-based government would be receiving 200 million Libyan Dinar worth of bank notes printed in Russia despite the contestations of Libya’s Central Bank, based in Tripoli. The media office at the Lebrag airbase confirmed the arrival of the money. The new notes are said to […]
The Libyan Dinar has plummeted further over the week-end against foreign currencies on the black market now appearing as the only available FOREX market for most Libyans desiring to buy foreign currency owing to lack of central regulatory body. The Libyan Dinar in Tripoli is trading much lower as the one Libyan Dinar is trading […]