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News
Report on Consumer Price Index and Inflation
Research and statistics Department in the Central Bank of Libya published today the report on inflation for the month of May 2023
Data released by the Bureau of Statistics and Census - Ministry of Planning indicate that the consumer…
CBL publishes a report on consumer price index and inflation of April 2023
Data released by the Bureau of Statistics and Census - Ministry of Planning indicate that the consumer price index increased by 6.6 points on an annual basis during April 2023 to record 295.0 points, compared to 288.4 points during the…
CBL reveals the foreign exchange expenditures’ movement analysis of the first 5 months of 2023
The total uses of foreign exchange by banks from 1/1 – to 31/05/2023 amounted to about $8,736,159,886 compared to $7,062,872,826 during the same months of 2022, with an increase of about $1,673,287,060 million, and a growth rate of 23.7%.
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CBL reveals the Performance Indicators of Commercial Banks (2019 – 1st quarter of 2023)
Financial soundness indicators are considered a measure of the robustness of the financial sector and its institutional units in general and the banking sector. Such indicators are one of the important inputs in the analysis and evaluation…
CBL reveals a summary of the consolidated commercial banks’ balance sheet in its Main…
The consolidated budget of commercial banks showed a decline in its total items on both sides of assets and liabilities at the end of the first quarter of 2023. Where the total assets within the consolidated budget recorded about 140,539.4…
CBL publishes a summary of banks’ performance at the end of the first quarter of 2023
Central Bank of Libya published a report of the important financial data of the commercial banks, where it drew a summary of banks' performance at the end of the first quarter of 2023, and showed a number of evolutions compared to the…
Libya occupies a prominent position with the largest gold reserves, despite the economic instability
The economic Business Insider Africa stated that Libya ranks third in Africa with the largest reserves of gold in 2023, with gold reserves estimated at 117 tons.
The website added that Algeria comes on top of the African countries with…
International Monetary Fund: Libya needs a clear economic strategy
The International Monetary Fund stated yesterday, Monday, that Libya needs an economic strategy that clearly outlines the path forward. This will be an opportunity to work on improving the utilization of oil revenues, diversifying the…
Exclusive: At the request of “Eni Company”, the appeal of Tripoli postponed the verdict in its case
Attorney Thuraya Al-Tuwaibi told our source that the Tripoli Court of Appeal decided to return the appeal filed against the National Oil Corporation and Eni North African Oil and Gas Company, at the company's request, to July 12.
…
The Central Bank of Egypt obtains huge sums of Qatari and Libyan deposits
The Central Bank of Egypt said on Sunday that it had received huge deposits from Libya and Qatar late last year as Egypt grappled with a foreign currency shortage.
The Egyptian bank said that the two deposits are one billion dollars…