Central Bank of Libya
4 articles
Libya clamps down on currency smuggling with new import restrictions
Libya's Ministry of Economy and Trade has imposed sweeping new controls on commercial imports, aiming to halt the outflow of hard currency through fraudulent letters of credit and under-invoiced shipments. The ban on informal imports takes effect September 30.
Libya's E-Payment Surge: LD 765 Billion in Digital Transactions Reshapes Banking
Libya's banking sector processed nearly LD 765 billion in electronic payments in just eight months of 2026, as the Central Bank pushes for digital transformation and tighter oversight amid liquidity and currency access challenges.
Libya's Foreign Currency Usage Rises 4.2% to Nearly $16 Billion by July
The Central Bank of Libya reports that banks used US$ 15.987 billion in foreign currency from January to July 2026, a 4.2% increase over the previous year, raising concerns about reserve depletion and the political sensitivity of currency allocation.
Libya's Central Bank and Government Reaffirm Unified Spending Commitment
Libya's Central Bank Governor Naji Issa and Prime Minister Abdel Hamid Aldabaiba have reiterated their commitment to the US-brokered Unified Spending Agreement, aiming to strengthen fiscal and monetary coordination and ensure compliance with agreed financial measures.